Alarm.com (Nasdaq: ALRM) Home Automation IPO Set for June 26
All smart-home eyes will be on Nasdaq: ALRM Friday June 26 as Alarm.com becomes only the second pure-play home automation IPO after Control4.
It’s official, Alarm.com (Nasdaq: ALRM), the home automation platform provider, goes public on June 26 with an initial public offering of 7,000,000 shares of common stock priced to the public at $14.00 per share.
In addition, the underwriters have been granted a 30-day option to purchase up to an additional 525,000 shares from Alarm.com and up to 525,000 shares of common stock from selling stockholders at the IPO price to cover over-allotments, if any.
Alarm.com will not receive any proceeds from the sale of shares by the selling stockholders.
Alarm.com is only the second substantial pure-play home automation IPO after Control4, which went public in 2013.
For more background and insights, see:
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Julie Jacobson is founding editor of CE Pro, the leading media brand for the home-technology channel. She has covered the smart-home industry since 1994, long before there was much of an Internet, let alone an Internet of things. Currently she studies, speaks, writes and rabble-rouses in the areas of home automation, security, networked A/V, wellness-related technology, biophilic design, and the business of home technology. Julie majored in Economics at the University of Michigan, spent a year abroad at Cambridge University, and earned an MBA from the University of Texas at Austin. She is a recipient of the annual CTA TechHome Leadership Award, and a CEDIA Fellows honoree. A washed-up Ultimate Frisbee player, Julie currently resides in San Antonio, Texas and sometimes St. Paul, Minn. Follow on Twitter: @juliejacobson Email Julie at email@example.com
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