Ooma, Inc. (OOMA) Prices 5M Common Stock IPO at $13/Share, Missing Expectations

Ooma, Inc. (NYSE: OOMA), a leading small business and home communications platform, today announced that it has priced its initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share. All of the shares are being offered by Ooma. The shares are expected to begin trading on The New York Stock Exchange on July 17, 2015 under the ticker symbol "OOMA." The closing of the offering is expected to occur on July 22, 2015, subject to customary closing conditions. In addition, Ooma has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock.

*** NOTE: Pricing is below a recently expected range of $16 to $18 per share.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC are acting as joint book-running managers for the offering. William Blair & Company, L.L.C. and Wunderlich Securities, Inc. are acting as co-managers.

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