ShotSpotter prices initial public offering at $11 a share to raise $30.8 million

ShotSpotter Inc. , a gunshot detection company, priced its initial public offering on Wednesday at $11 a share to raise $30.8 million. The company sold 2.8 million shares and has granted underwriters a 30-day option to buy up to 420,000 additional shares. The stock is expected to begin trading on the Nasdaq Capital Market Wednesday under the symbol “SSTI.” Roth Capital Partners, Northland Capital Partners and Imperial Capital were the lead underwriters on the offering.

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