Saturday, November 17, 2012

Ruckus Wireless Closes IPO Day At $12.25 Per Share, 18% Below IPO Price

ruckus_logoWi-Fi equipment maker Ruckus Wireless held an initial public offering on the New York Stock Exchange this morning at a share price of $15. It raised $126 million. While it was a nice move for the company, as well as its venture capital investors (Sequoia Capital, Sutter Hill Ventures and others had provided some $54 million in funding for the eight-year-old company), its reception on the stock market on its first day of trading was lackluster.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VsSkK0OqttY/

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