Credit: Shutterstock photoShotSpotter, which provides law enforcement with software that detects and locates gunshots, filed on Tuesday with the SEC to raise up to $35 million in an initial public offering.
The Newark, CA-based company was founded in 2004 and booked $17 million in sales for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol SSTI. ShotSpotter filed confidentially on March 30, 2017. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
The article Gunshot detection software provider ShotSpotter files for a $35 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
