Friday, January 14, 2011
Boingo Wireless Files For IPO
Los Angeles-based Boingo Wireless, the operator of a global Wi-Fi hot spot network, has filed for an IPO, saying Friday afternoon that it is looking to raised up to $75M in an IPO. According to Boingo, it intends to apply to list on the NASDAQ Global Market as WIFI. The firm's IPO is being underwritten by Credit Suisse, Deutsche Bank Securities, Pacific Crest Securities, and William Blair & Company. The firm reported it had net income of $1.4M on revenues of $65.715M for 2009, and net income of $5.67M on revenues of $59.0M for the nine months ended September 30, 2010. Boingo's major shareholders include Mitsui & Co., New Enterprise Associates, founder Sky Dayton, Steelpoint Capital, and Sternhill Partners.