A team of Goodwin attorneys advised client Control4 Corporation, a leading provider of home automation and control solutions for the connected home, in its successful initial public offering. Control4 began trading on NASDAQ on August 2, 2013 under the ticker symbol “CTRL.”
Control4 raised approximately $66 million, offering 4.6 million shares priced at $16 each, the midpoint of the $15 to $17 range. The company’s shares were up 25 percent shortly after the IPO, trading above $20.
To celebrate this successful offering, Martin Plaehn, President & CEO of Control4, rang Nasdaq’s closing bell on August 2, 2013 along with members of senior management and representatives of the underwriters and Goodwin Procter. Based in Salt Lake City, Utah, Control4 was founded in 2003 with a mission to provide more elegant, affordable automation for lighting, music, video, security and energy in a single room or throughout a home.
The Boston and Silicon Valley Goodwin teams that advised Control4 on the IPO were led by partners Mike Minahan and Bill Schnoor and included associates An-Yen Hu.
Raymond James acted as joint book-running manager for the offering and Canaccord Genuity, Cowen and Company and Needham & Company acted as co-managers.