Sonim Technologies, which makes mobile phones and software for industrial and public sector customers, filed on Monday with the SEC to raise up to $58 million in an initial public offering.
The San Mateo, CA-based company was founded in 1999 and booked $136 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol SONM. Sonim Technologies filed confidentially on February 14, 2019. Oppenheimer & Co., Lake Street Capital Markets and National Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
