Ruckus Wire­less to Raise $100 mn Fund­ing

Voice&Data - - NEWS AND VIEWS -

Ruckus Wire­less, Cal­i­for­nia based wire­less LAN prod­ucts com­pany is go­ing pub­lic, it plans to raise up to $100 mn. The com­pany in­tends to use the net pro­ceeds for work­ing cap­i­tal ex­pense and other gen­eral cor­po­rate pur­poses. The com­pany has in­formed US Se­cu­ri­ties and Ex­change Com­mis­sion that Gold­man Sachs & Co, Mor­gan Stan­ley and Deutsche Bank Se­cu­ri­ties are the lead un­der­writ­ers to the IPO. The com­pany has not spec­i­fied the stock ex­change it in­tended to list on, the num­ber of shares it planned to sell and their expected price.

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