Tech Company Inital Public Offerings
Ooma IPO
Ooma, based in Sunnyvale, debuted as a public company on 7/17/2015.
Transaction Overview
Company Name
Announced On
7/17/2015
Transaction Type
IPO
Amount
$65,000,000
Proceeds Purpose
We currently will use the net proceeds to us from this offering primarily for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters, capital expenditures and further development of our solutions. Approximately $0.9 million of the net proceeds from this offering, based upon the assumed initial public offering price of $17.00 per share (the midpoint of the estimated offering price range set forth on the cover page of this prospectus), may be paid to the holder of a warrant exercisable for 70,287 shares of our Series Alpha convertible preferred stock, which may be exercised or settled in cash, net of the aggregate exercise price, upon the closing of this offering. We intend to use approximately $10.7 million of the net proceeds from this offering to repay the outstanding principal and accrued interest on our existing loans with Silicon Valley Bank.
Company Information
Company Status
Publicly-held
Industry
Internet & IoT
Mailing Address
525 Almanor Ave. 200
Sunnyvale, CA 94085
USA
Sunnyvale, CA 94085
USA
Phone
Website
Email Address
Overview
Ooma (NYSE: OOMA) is a breakthrough technology start-up, based in Palo Alto, CA which is committed to transforming the landscape of consumer telephony.
Management Team
Title
Name
Email & Social
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