Vocera, a San Jose, Calif.-based mobile communications provider for hospitals, announced the pricing of its initial public offering (IPO) of 5,850,000 shares of its common stock at a price to the public of $16.00 per share. On its first day of trading, the stock opened up nearly 40 percent from the initial price of $16.00 per share to $24 per share. As the day went on, the price fell six percent to $22.48.
Vocera, which offers secure messaging software for hospitals, will trade on the New York Stock Exchange under the symbol "VCRA." The company offered 5,850,000 shares shares of common stock and selling stockholders are offering 850,000 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 877,500 additional shares of common stock at the initial public offering price to cover over-allotments, if any. J.P. Morgan Securities LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Robert W. Baird & Co., William Blair & Company, Wells Fargo Securities and Leerink Swann are acting as co-managers.
To celebrate the completion of the IPO, executives, employees and guests of Vocera were on hand at the New York Stock Exchange this morning. Additional, Vocera CEO Bob Zollars, was joined by members of Vocera’s management team, to ring the NYSE Opening Bell.