Join Transform 2021 this July 12-16. Register for the AI event of the year.

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.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member