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Alarm.com sets price at $14 per share

Alarm.com sets price at $14 per share Stock to begin trading on NASDAQ today

VIENNA, Va.—Alarm.com Holdings Inc. has priced its initial public offering of 7 million shares of common stock at $14 per share. The shares are expected to begin trading on NASDAQ today, June 26, under “ALRM,” according to the company.

Underwriters have a 30-day option to purchase up to an additional 525,000 shares and up to 525,000 shares of common stock from selling stockholders at the initial public offering price to cover over-allotments, if any.Alarm.com will not receive any proceeds from the sale of shares by the selling stockholders, the company said in a prepared statement.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering.Stifel, Raymond James & Associates Inc., William Blair & Company LLC and Imperial Capital LLC are acting as co-managers.

Alarm.com, which provides a cloud-based platform solution for the connected home, announced its IPO filing in May.

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