Aruba Networks Prices IPO

Aruba Networks Inc., a Sunnyvale, Calif.-based provider of wireless LAN technology, priced 8 million common shares at $11 per share (above $8-$10 range), for an IPO take of approximately $88 million. It will trade on the Nasdaq under ticker symbol ARUN, while Goldman Sachs and Lehman Brothers served as co-lead underwriters. Aruba had raised around $86 million in total VC funding from firms like Matrix Partners (20% post-IPO position), Sequoia Capital (18.2%), Trinity Ventures (13.6%), WK Technology Funds (6.8%) and Artis Capital Management.