Nov 5 WiFi products maker Ruckus Wireless Inc
increased the estimated size of its initial public offering and
said it plans to sell 8.4 million shares at $13 to $15 per
The IPO will raise up to $144.9 million, compared to the
$100 million estimated earlier.
Ruckus is offering 7 million shares, while stockholders,
including Telus Corp, are selling 1.4 million.
The Sunnyvale, California-based company, which makes
wireless LAN products for both indoor and outdoor use, intends
to list its stock under the symbol "RKUS" on the New York Stock
Ruckus, backed by private equity firm Sequoia Capital,
competes with Meru Networks Inc, Aruba Networks Inc
and larger companies like Cisco Systems Inc.
The company's customers include Time Warner Cable Inc
, Towerstream Corp, Tikona Digital Networks and
Bright House Networks.
Goldman Sachs & Co and Morgan Stanley are the lead
underwriters to the offering.