Needham & Company Starts Radcom (RDCM) at Buy

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Go back to Needham & Company Starts Radcom (RDCM) at Buy

RADCOM Prices Public Offering of 1,818,182 Ordinary Shares

May 20, 2016 3:37 AM EDT

TEL AVIV, Israel, May 20, 2016 /PRNewswire/ --

RADCOM Ltd. (NASDAQ: RDCM), a leading provider of NFV-ready service assurance and customer experience management solutions for Communications Service Providers (CSPs), announced the pricing of its previously announced underwritten public offering of 1,818,182 ordinary shares at an offering price of $11.00 per share.  Gross proceeds from the offering are expected to be approximately $20 million, before underwriting discounts and commissions and other offering expenses.  In connection with the offering, RADCOM has also granted the underwriters a 30-day option to purchase up to an additional 272,727 ordinary shares.  RADCOM'S... More