Ooma, which provides internet-based telecom services for homes and small businesses, filed on Monday with the SEC to raise up to $86 million in an initial public offering.
The Palo Alto, CA-based company, which was founded in 2003 and booked $76 million during the 12 months ended April 30, 2015, plans to list on the NYSE under the symbol OOMA. Credit Suisse, BofA Merrill Lynch and JMP Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
