Control4 jumps following IPO

After pricing its 4M-share IPO at $16, Control4 (CTRL) opened at $18.89 and is currently at $19.28, up 20.5%.

That gives the maker of end-to-end home automation/remote control systems a valuation of $424M, or 3.9x 2012 sales.

Control4 posted Q1 revenue of $26.6M (+18% Y/Y), and a net loss of $1.5M.

S-1, IPO preview

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