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Vocera Communications prices IPO at $16, above the range

March 27, 2012

Vocera Communications, which provides a mobile communications platform for hospitals and healthcare facilities, raised $94 million by offering 5.85 million shares (15% insider) at $16, above the range of $12 to $14. The company had originally planned to offer 5.75 million shares; the extra shares were all secondary. The deal size was 25% greater than expected. Vocera plans to list on the NYSE under the symbol VCRA. J.P. Morgan and Piper Jaffray were the joint bookrunners on the deal.