Goldman, Sachs, Credit Suisse and BofA Merrill Lynch are bookrunners
By Devika Patel
Knoxville, Tenn., June 26 – Alarm.com Holdings, Inc. said it priced its $98 million initial public offering of stock with a $7.35 million greenshoe on Thursday. The deal was announced May 22.
The company will sell 7 million common shares at $14.00 per share.
Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the bookrunning managers.
Proceeds will be used to construct a lead recycling facility near Reno, Nev., and for tenant improvements and equipment, patent filings and general working capital.
Boston-based Alarm.com provides connected home technology to subscribers through its software-as-a-service platform. The company has applied to list its stock on the Nasdaq under the symbol “ALRM.”
| Issuer: | Alarm.com Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $98 million
|
| Greenshoe: | $7.35 million, or 525,000 shares
|
| Shares: | 7 million
|
| Price: | $14.00
|
| Warrants: | No
|
| Bookrunners: | Goldman Sachs & Co., Credit Suisse Securities (USA) LLC, and BofA Merrill Lynch
|
| Co-managers: | Stifel, Raymond James & Associates, Inc., William Blair & Co., LLC and Imperial Capital, LLC
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| Announcement date: | May 22
|
| Pricing date: | June 25
|
| Stock symbol: | Nasdaq: ALRM
|
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