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Ooma prices IPO at $13, below the range

July 17, 2015
OOMA

Ooma, which provides internet-based phone service to homes and small businesses, raised $65 million by offering 5 million shares at $13, below the range of $16 to $18. Ooma plans to list on the NYSE under the symbol OOMA. Credit Suisse, BofA Merrill Lynch and JMP Securities acted as lead managers on the deal.