Ruckus Wireless, Inc. IPO Info

Ruckus Wireless, Inc.

Company Name: Ruckus Wireless, Inc.
Stock Symbol: RKUS
Exchange: NYSE
Status: Priced
IPO Date: 11/16/2012
IPO Price: 15.00 (50.20%)
Underwriters
Goldman, Sachs & Co., Morgan Stanley, Deutsche Bank Securities, Needham & Company, Oppenheimer & Co., ThinkEquity LLC, William Blair

Amount of Offering: N/A
Number of Shares Offered: 8.4 Mil
Shares Outstanding After Offering: 73.686 Mil
Valuation: N/A
Company Description
Ruckus Wireless is a provider of carrier-class Wi-Fi solutions. The company's solutions, called Smart Wi-Fi, are used by service providers and enterprises to solve network capacity and coverage challenges associated with the rapidly increasing traffic and number of users on wireless networks. The company has sold products to over 18,700 end-customers worldwide, adding over 7,100 new end-customers in the first nine months of 2012.
Financial Data
Revenue increased 93%, from $79.0 million for the first nine months of 2011 to $152.5 million for the first nine months of 2012. Net income improved from $1.0 million for the first nine months of 2011 to net income of $29.8 million for the first nine months of 2012, which included $18.0 million of income related to the release of the valuation allowance on our net deferred tax assets.

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