Aerohive Networks has filed for an IPO. The number of shares that will be offered as well as its pricing terms have yet to be set. Goldman Sachs and BofA Merrill Lynch are serving as the lead underwriters. Based in Sunnyvale, Calif., Aerohive Networks is a provider of enterprise Wi-Fi solutions. Its backers include Northern Light Venture Capital, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers, Four Rivers Group, Institutional Venture Partners and New Enterprise Associates.
Sunnyvale, Calif. — February 13, 2014 — Aerohive Networks, a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Goldman, Sachs & Co. and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering, and Piper Jaffray & Co., William Blair & Company, L.L.C., and JMP Securities LLC are acting as co-managers for the proposed offering.
The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; email: [email protected]; or standard mail at Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282; or from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or by emailing [email protected]
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.