ShotSpotter Inc. priced its initial public offering at $11 a share Wednesday to raise $30.8 million. The stock is expected to start trading Wednesday on the Nasdaq Capital Market under the symbol ...

ShotSpotter aims to raise $31 million in an IPO at a post-IPO valuation of $118 million. The company has developed a gunfire detection system used by law enforcement throughout the United States.

In the latest effort to save the discontinued ShotSpotter gunshot detection system, Chicago City Council members have gotten a multi-million dollar assist from Big Business.

ShotSpotter will cover 2 square miles in Tacoma, with the initial deployment happening in the Hosmer area, the Tacoma Police Department said in a news release.