Alarm.com Raises $98 Million As Stock Climbs In IPO

By | June 26, 2015

Scalper1 News

Alarm.com (ALRM) stock rose in its trading debut Friday, as the initial public offering for the connected-home technology company raised $98 million. Alarm priced 7 million shares at 14, the midpoint of its expected range. Alarm stock was up 20% in morning trading on the stock market today, near 17. The company is a cloud-based provider of connected-home technology. Its software-as-a-service platform enables homeowners and businesses “to Scalper1 News

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