Vocera Scores Hot IPO Debut From Hospital Communications (VCRA)
Vocera Communications, Inc. (NYSE: VCRA) is yet one more hot IPO that retail investors probably wish they had access to. The company is a provider of mobile communication solutions focused on addressing critical communication challenges facing hospitals. Today’s pricing was…
Today’s pricing was at $16.00 per share for a total of 5,850,000 shares of common stock. The company sold 5,000,000 shares of common stock, and the other shares were sold by existing shareholders. The selling stockholders have granted the underwriters a 30-day option to purchase up to 877,500 additional shares of common stock at the initial public offering price to cover over-allotments. You can bet that the option has already been exercised.
J.P. Morgan and Piper Jaffray were the joint book-running managers; co-managers were Robert W. Baird, William Blair & Company, Wells Fargo Securities and Leerink Swann. Vocera did not receive any proceeds from the sale of shares by the selling stockholders.
Vocera was indicated to open up around a $21 to $23 share price initially and shares have traded in a range of $21.50 to $24.23 throughout the trading day.
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
