ShotSpotter (SSTI) to Raise $31 Million in IPO

ShotSpotter (SSTI) plans to raise $31 million in an IPO on the week of June 5th. The company will be issuing 2,800,000 shares at $10.00-$12.00 per share.

In the last twelve months, ShotSpotter generated $17 million in revenue and had a net loss of $6.3 million. The company has a market cap of $100.2 million.

Roth Capital Partners and Northland Capital Markets acted as the underwriters for the IPO and Imperial Capital was co-manager.

ShotSpotter provided the following description of their company for its IPO: “We are the leader in gunshot detection solutions that help law enforcement officials and security personnel identify, locate and deter gun violence. We offer our software solutions on a SaaS-based subscription model to customers around the world with customers in the United States, Puerto Rico, the U.S. Virgin Islands and South Africa. Our public safety solution, ShotSpotter Flex, is deployed in urban, high-crime areas to help deter gun violence by accurately detecting and locating gunshots and sending near real-time alerts to law enforcement. “.

ShotSpotter was founded in 2001 and has 70 employees. The company is located at 7979 Gateway Blvd., Suite 210, Newark, CA 94560, US and can be reached via phone at (510) 794-3100 or on the web at http://www.shotspotter.com.

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