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Gunshot detection software provider ShotSpotter sets terms for $31 million IPO

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ShotSpotter, which provides law enforcement with a sensor-based service for detecting gunshots, announced terms for its IPO on Friday.

The Newark, CA-based company plans to raise $31 million by offering 2.8 million shares at a price range of $10 to $12. At the midpoint of the proposed range, ShotSpotter would command a fully diluted market value of $118 million.

ShotSpotter was founded in 2004 and booked $17 million in sales for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol SSTI. Roth Capital is the sole bookrunner on the deal. It is expected to price during the week of June 5, 2017.

The article Gunshot detection software provider ShotSpotter sets terms for $31 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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