Smart home firm Control4, backed by the University of Utah, raises $64m in its initial public offering.

Salt Lake City-based Control4, which produces smart home technology, has raised $64m in its initial public offering on the Nasdaq exchange.

Trading under the symbol CTRL, the company offered around 4 million shares at $16 per share, the middle of its target range, setting Control4’s overall valuation at roughly $400m.

Over its ten year history, the firm has raised $79.5m in venture capital from a number of backers, including the University of Utah. Investing through its student managed University Venture…

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