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Ooma Announces Pricing of Initial Public Offering

Palo Alto, CA - Thursday, July 16th, 2015

(PRNewswire) ‑ Ooma, Inc. (NYSE: OOMA), a leading small business and home communications platform, today announced that it has priced its initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share. All of the shares are being offered by Ooma. The shares are expected to begin trading on The New York Stock Exchange on July 17, 2015 under the ticker symbol “OOMA.” The closing of the offering is expected to occur on July 22, 2015, subject to customary closing conditions. In addition, Ooma has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC are acting as joint book-running managers for the offering. William Blair & Company, L.L.C. and Wunderlich Securities, Inc. are acting as co-managers.

The offering has been made only by means of a prospectus. A final prospectus related to the offering, when available, may be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010 or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com; or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by email at dg.prospectus_requests@baml.com; or JMP Securities LLC, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111, Attention: Prospectus Department or by telephone at (415) 835-8985.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) and can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CONTACT:

Investor Relations:
Cynthia Hiponia or Erin Rheaume
The Blueshirt Group for Ooma, Inc.
ir@ooma.com
(650) 300-1480

 

About Ooma, Inc.

Ooma (NYSE: OOMA) delivers phone, messaging, video and advanced communications services that are easy to implement and provide great value. Founded in 2003, the company offers Ooma Office for small to medium-sized businesses seeking enterprise-grade features designed for their needs; Ooma AirDial for any business looking to replace aging and increasingly expensive copper phone lines; Ooma 2600Hz for businesses that provide their own communications solutions built on an outsourced underlying platform; and Ooma Telo for residential consumers who value a landline experience at a more affordable price point. Ooma’s award-winning solutions power more than 1.2 million users today. Learn more at www.ooma.com in the United States or www.ooma.ca in Canada.


Contact:

Investors
Matthew S. Robison
Director of IR and Corporate Development
Ooma, Inc.
email: ir@ooma.com
phone: (650) 300-1480

Media
Mike Langberg
Director of Corporate Communications
Ooma, Inc.
email: press@ooma.com
phone: (650) 566-6693


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