Thursday, April 14, 2011

Boingo Wireless Sets IPO Pricing Range

Santa Monica-based WiFi network operator Boingo Wireless has set its pricing range for its IPO, saying in a filing late Wednesday evening that it is selling 5,770,000 shares of its stock at between $12.00 and $14.00 per share. Boingo has applied to list on the NASDAQ Global Market as WIFI. Boingo's IPO is being underwritten by Credit Suisse, Deutsche Bank Securities, Pacific Crest Securities, and William Blair & Company. The firm is venture backed by New Enterprise Associates, Mitsui & Co, Steelpoint Capital, Sternhill Partners, among others. Sky Dayton, the firm's Chairman and founder, owns around 15.14 percent of the company.