Sonim Prices Public Shares at $11
Friday, May 10, 2019 | Comments

Sonim Technologies priced its initial public offering (IPO) at $11 a share. The nearly 3.6 million shares of common stock are expected to begin trading on the Nasdaq Global Market May 10 under the ticker symbol "SONM."

The underwriters were granted a 30-day option to purchase up to 535,714 additional shares of common stock to cover over-allotments, if any, at the IPO price less underwriting discounts and commissions. The offering is expected to close May 14, subject to customary closing conditions.

Sonim announced the IPO last month.

Oppenheimer & Co. is acting as lead book-running manager, and Lake Street Capital Markets is acting as joint book-running manager for the proposed offering. National Securities, a wholly owned subsidiary of National Holdings, is acting as co-manager for the proposed offering. The offering is being made only by prospectus.

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