Tuesday, May 3, 2011
Boingo Wireless Prices IPO, To Trade Wednesday
Los Angeles-based Boingo Wireless, the operator of a international network of Wi-Fi hotspots, has priced its IPO. The firm said it will offer 5,770,000 shares of its common stock at $13.50 per share. The shares will trade under the symbol WIFI starting tomorrow on the NASDAQ Global Market. The shares priced on the higher side of its earlier, $12.00 to $14.00 per share initial pricing estimates. The IPO was underwritten by Credit Suisse, Deutsche Bank Securities, Pacific Crest Securities and William Blair & Company. Boingo Wireless was venture backed by New Enterprise Associates, Mitsui & Co, Steelpoint Capital, Sternhill Partners, and others.