Vocera Communications (VCRA) IPO Prices at $16, Above Expected Range
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Vocera Communications, Inc. (NYSE: VCRA) priced its initial public offering of 5,850,000 shares of its common stock at a price to the public of $16 per share, above the expected $12-$14 range. Shares will open today on the NYSE under the symbol "VCRA."
J.P. Morgan Securities LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Robert W. Baird & Co., William Blair & Company, Wells Fargo Securities and Leerink Swann are acting as co-managers.
Vocera is a provider of mobile communication solutions focused on addressing critical communication challenges facing hospitals today. The company helps its customers improve patient safety and satisfaction, and increase hospital efficiency and productivity through their Voice Communication solution and new Messaging and Care Transition solutions. Vocera solutions are deployed in over 800 hospitals and healthcare facilities, including large hospital systems, small and medium-sized local hospitals, and a small number of clinics, surgery centers and aged-care facilities.
In 2011, Vocera generated revenue of $79.5 million, representing growth of 40.0% over 2010, and a net loss of $2.5 million.
To keep up to date with the Vocera Communications IPO please go the profile page at IPO Insider.
J.P. Morgan Securities LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Robert W. Baird & Co., William Blair & Company, Wells Fargo Securities and Leerink Swann are acting as co-managers.
Vocera is a provider of mobile communication solutions focused on addressing critical communication challenges facing hospitals today. The company helps its customers improve patient safety and satisfaction, and increase hospital efficiency and productivity through their Voice Communication solution and new Messaging and Care Transition solutions. Vocera solutions are deployed in over 800 hospitals and healthcare facilities, including large hospital systems, small and medium-sized local hospitals, and a small number of clinics, surgery centers and aged-care facilities.
In 2011, Vocera generated revenue of $79.5 million, representing growth of 40.0% over 2010, and a net loss of $2.5 million.
To keep up to date with the Vocera Communications IPO please go the profile page at IPO Insider.
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