Reuters: Ruckus Wireless shares fall in debut on higher pricing

WiFi products maker Ruckus Wireless Inc. failed to impress in its market debut after higher pricing of its offering tempered investor enthusiasm in a weak U.S. IPO market. Shares of the company fell as much as 8 percent in its debut on Friday, a day after it priced its initial public offering of 8.4 million shares at $15 per share, the top end of its range.

Ruckus Wireless Goes Public

Ruckus Wireless, which is backed by Sequoia Capital, went pubic Friday on the NYSE. A WiFi products maker, Ruckus priced 8.4 million shares at $15 each, Reuters has reported.

Ruckus Wireless Closes $21.7 mln Financing

Ruckus Wireless said Monday that it has secured $21.7 million in financing, bringing total investment to $72.7 million. The recent financing was led by Meritech Capital Partners and SingTel Innov8, a wholly owned subsidiary of the SingTel group. Ruckus Wireless markets and makesindoor and outdoor “Smart Wi-Fi” products for mobile operators, broadband service providers, and […]

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