Shares of Control4 Corp., a Salt Lake City-based company that provides home automation systems, made their trading debut on the Nasdaq stock market Friday morning.
The company, which was founded in 2003 and has automated more than 120,000 homes since then, sold 4 million shares of its stock for $16 each, raising $64 million.
In midday trading, the company’s shares were up $3.40 over their initial offering price, or 21.25 percent.
“This is one important day of many more to come,” said Martin Plae...
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