Vocera Communications, San Jose, Calif., has filed with the U.S. Securities and Exchange Commission to hold an initial public offering of stock that is expected to raise about $80 million and place the company on the New York Stock Exchange.
Vocera Communications plans IPO
Vocera, a maker of wireless communications tools for hospitals, has made numerous corporate acquisitions in the past year to expand its offerings.
The company posted $1.2 million in income on revenue of $57 million in 2010 and had accumulated deficits of $56 million on June 30, 2011, according to financial statements. Vocera officials plan to use $9.3 million of the IPO proceeds to retire $9.3 million in loans.
Company officials have not publicly disclosed the number of shares to be offered or the expected pricing.
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