Vocera Communications (VCRA) IPO Opens at $24
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The IPO for Vocera Communications, Inc. (NYSE: VCRA) is open for trading. Shares opened for trading at $24 after pricing 5,850,000 shares at $16 per share.
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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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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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