US internet-based telco Ooma has filed with SEC to raise US$86m in an IPO on the New York Stock Exchange.
Ooma has yet to finalise the number of shares to be offered or the pricing range, the company stated.
Ooma provides cloud-based telephony and…
US internet-based telco Ooma has filed with SEC to raise US$86m in an IPO on the New York Stock Exchange.
Ooma has yet to finalise the number of shares to be offered or the pricing range, the company stated.
Ooma provides cloud-based telephony and connected services for homes and small businesses.
Credit Suisse Securities, BofA Merrill Lynch and JMP Securities are acting as joint bookrunning managers for the listing.William Blair & Co and Wunderlich Securities are co-managers.
Credit Suisse will prepare the IPO prospectus.
Led by CEO Eric Strang, the Palo Alto-based company generated revenues of US$72.2m for the year ended 31 January 2015, up from US$53.7m the previous year.
Its current shareholders include Worldview Technology Partners and WI Harper Group, as well as company directors and executives.
