Ruckus Wireless – RKUS – Announces Pricing of Initial Public Offering
NYSE: RKUS) announced the pricing of its initial public offering of 8,400,000 shares of its common stock at a price to the public of $15.00 per share. Of the 8,400,000 shares, 7,000,000 shares are being offered by Ruckus Wireless and 1,400,000 shares are being offered by certain selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,260,000 shares. Ruckus Wireless will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on November 16, 2012 under the symbol “RKUS.”
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Deutsche Bank Securities is acting as a book-running manager. Needham & Company, Oppenheimer & Co., William Blair, and Craig-Hallum Capital Group are acting as co-managers.
About Ruckus Wireless – RKUS
Ruckus Wireless (RKUS) is a pioneer in the wireless infrastructure market, enabling carriers and enterprises to keep up with the exploding demand for high-bandwidth applications and services. Ruckus’ proprietary “Smart Wi-Fi” technology redefines what’s possible in wireless network performance with flexibility, reliability, and affordability.
RKUS delivers innovative solutions to the most critical issues facing today’s wireless networks: how to create affordable reliability and how to manage exponential growth. Ruckus hardware, software, and services help enterprises and carriers increase the range and reliability of their Wi-Fi networks, reduce the cost of deployment, and ensure consistent performance even in the most challenging environments.
Headquartered in Silicon Valley, RKUS is a supplier of advanced wireless systems for the explosive mobile Internetworking market. The company markets and manufactures a wide range of indoor and outdoor “Smart Wi-Fi” products for mobile operators, broadband service providers, and corporate enterprises around the world. Ranked as the top telecom company by Inc. Magazine and named a World Economic Forum Technology Pioneer, Ruckus invented and has patented state-of-the-art wireless technology, such as adaptive antenna arrays that focus and direct Wi-Fi transmissions over the best signal path, automatically avoiding sources of Wi-Fi interference. These unique capabilities extend signal range, increase client data rates and ensure consistent and reliable distribution of delay-sensitive multimedia content and services over standard 802.11 Wi-Fi.
More Posts by this author
- Sina Shares Slump on Outlook (SINA)
- Gold Prices End Marginally Higher, Posts Weekly Losses
- Market Update After Hours November 16
- Stocks End Higher
- Gold Prices Edge Higher; Silver Prices Fall
- Stocks Marginally Higher in Late Trading
- Stocks Bounce Back in Mid-Day Trading
 |
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
|
