Friday, April 29, 2011
Boingo Wireless Expected To Debut In IPO Next Week
Santa Monica-based Boingo Wireless, the Wi-Fi network provider, is expected to debut next week in its IPO, according to the NASDAQ's upcoming IPO calendar. Boingo is expected to debut on Wednesday. Boingo has indicated that it will sell 5,770,000 shares of its stock at between $12.00 and $14.00 per share, trading on the NASDAQ Global Market as WIFI. The company is venture backed by New Enterprise Associates, Mitsui & Co, Steelpoint Capital, Sternhill Partners, and others. If successful, the IPO will be another feather in the cap of Sky Dayton, the firm's Chairman and founder, who also was behind one of Southern California's original, Internet 1.0 successes, Earthlink, and also was an investor in such companies as LowerMyBills, JAMDAT Mobile, and Business.com.