California-based e-health company Vocera has filed a registration statement with the Securities and Exchange Commission (SEC) to raise approximately US$80m in an IPO.
In the SEC filing, the company explains that this amount is only an estimation aimed…
California-based e-health company Vocera has filed a registration statement with the Securities and Exchange Commission (SEC) to raise approximately US$80m in an IPO.
In the SEC filing, the company explains that this amount is only an estimation aimed at calculating the registration fee. Vocera added, in a separate statement, that the number of shares to be offered and the exact price range are yet to be determined.
It has applied to list its shares on the NYSE under the symbol ‘VCRA’.
The proceeds of the IPO will be partly used to repay US$9.3m worth of debt currently outstanding under its credit facility, Vocera said.
The remaining amount will be for general corporate purposes. “We may also use a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. However, we have no present understandings, commitments or agreements to enter into any acquisitions or make any investments,” the company added.
JP Morgan and Piper Jaffray are acting as joint bookrunners for the offering, while Baird, William Blair & Co and Morgan Keegan are co-managers.
