Alarm.com Holdings Inc. announced the pricing of its initial public offering of 7 million shares of common stock to the public at $14 per share. All shares are being offered by Alarm.com. The shares are expected to begin trading on the Nasdaq Global Select Market on June 26, 2015, under the symbol ALRM.
According to press release from Alarm.com, underwriters have a 30-day option to purchase up to an additional 525,000 shares from Alarm.com and up to 525,000 shares of common stocks from selling stockholders at the initial public offering price to cover any over-allotments.