Alarm.com Files Registration Statement for Proposed Initial Public Offering
The interactive services specialist applied to list its common stock on NASDAQ under the ticker symbol ALRM.
The owners of Alarm.com have proposed an initial public offering of its common stock.
VIENNA, Va. – The owners of Alarm.com are preparing to take the company public, announcing on Friday (May 22) a Form S-1 has been filed with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock.
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According to a press release, the number of shares to be sold and the price range for the proposed offering have not yet been determined; however, Benzinga.com posted the S-1 shows registration for a $75 million IPO.
Alarm.com, which sells interactive home security systems controlled by smartphone applications, applied to list its common stock on NASDAQ under the ticker symbol ALRM.
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Goldman, Sachs & Co., Credit Suisse Securities and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering. Stifel, Raymond James & Associates, William Blair & Company and Imperial Capital are acting as co-managers.
Alarm.com was bought out of data warehousing group MicroStrategy in 2009 by ABS Capital. In 2012, Technology Crossover Ventures took a minority stake in the business for $136 million.
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