Aruba Networks prices IPO at $11 a share
Aruba Networks priced its IPO shares at $11 a share, higher than the expected range of $8 to $10 a share — and giving the company a market value of about $827 million.
The Sunnyvale, Calif. company offers corporate wireless networks.
Another big win for Matrix Partners and Sequoia Capital, which owned about 20 percent of the company.
Wireless network provider Aruba sets terms for IPO
Aruba Networks, the Sunnyvale company that provides wireless networks to companies, has set the terms of its initial public offering.
It plans to issue 8 million shares, with an estimated price range of $8 to $10 a share, valuing the IPO at up to $80 million.
Aruba Networks files to go public, to raise $100M
Aruba Networks, of Sunnyvale, has filed with the Securities and Exchange Commission to raise up to $100 million in an initial public offering. Rumors this would happen have been around for a while.
Here is the IPO filing announcement.
Here is how Aruba is marketing itself.
A less buzzy way of describing this company is that it provides WiFi networks to large companies.
Going into the IPO, Matrix Partners owns 22.6 percent of Aruba, Sequoia Capital owns 20.6 percent,… Continue Reading
Aruba raises $5M, sweetening pot before going public?
Aruba Networks, the Sunnyvale provider of wireless LAN technology which we reported earlier appeared to be getting ready to go public, has raised around $5 million in more funding, according to a regulatory filing cited by PE Week.
This brings the round total to around $30 million. Artis Capital Management led the overall round, and was joined by Matrix Partners, Sequoia Capital, Trinity Ventures and WK Technology Funds.
If the company really is going public… Continue Reading