Aruba Networks Sets IPO Terms

Aruba Networks Inc., a Sunnyvale, Calif.-based provider of wireless LAN technology, has set its proposed IPO terms to 8 million common shares being offered at between $8 and $10 per share. It plans to trade on the Nasdaq under ticker symbol ARUN, with Goldman Sachs and Lehman Brothers serving as co-lead underwriters. It has raised around $86 million in total VC funding from firms like Artis Capital Management, Matrix Partners, Sequoia Capital, Trinity Ventures and WK Technology Funds.