Alarm.com Goes Public
Alarm.com shares began trading on the NASDAQ Friday, and the company's personnel rang the opening bell that day.
Shares in Alarm.com jumped 20 percent Friday after opening at $14; they were trading at $16.01 as of Tuesday morning.
"Alarm.com brings extensive knowledge and products to the rapidly growing 'internet of things' industry, ensuring the safety of our homes and businesses," said Nelson Griggs, Executive Vice President, Listing Services at Nasdaq, said in a statement last week.
"We are thrilled to welcome Alarm.com to the Nasdaq family, and look forward to supporting the company as it continues to grow and provide meaningful Smart Home solutions to its customers."