The gunfire detection technology provider floated in the middle of its range in a $30.8m IPO that gave an exit to Motorola Solutions Venture Capital.
Communications technology producer Motorola Solutions exited US-based gunfire detection and analysis technology producer Shotspotter on Tuesday in a $30.8m initial public offering on Nasdaq.
The company issued 2.8 million shares priced at $11.00 each, in the middle of the $10 to $12 range it set last week. Its shares closed at $13.86 on its first day of trading yesterday.
Shotspotter provides gunshot detection and location technology to law enforcement and security services through a software-based subscription model. The system…
