Tuesday, May 3, 2011

2011-05-03: WIFI, Boingo Wireless

Remark
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IPO Date & Price
IPO Date: 2011-05-03
Offer price/share: $13.5 x 5.8M = $78.3M

Underwriters
Joint Book Runner: Credit Suisse, Deutsche Bank Securities
Co Manager: Pacific Crest, William Blair

Business
Sector: Technology
Industry: Information Technology Services
Full Time Employees: 135
Founded: 2001

Leading provider of mobile Wi-Fi software and services with 325,000 hotspots.

Boingo Wireless, Inc., together with its subsidiaries, provides mobile Wi-Fi Internet solutions. The company installs, manages, and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports, hotels, coffee shops, shopping malls, arenas, stadiums, and quick service restaurants in North America, South America, Europe, the Middle East, Africa, and Asia. Its solution includes software for Wi-Fi enabled devices comprising smartphones, laptops, and tablet computers, as well as back-end system infrastructure that detects and enables access to Wi-Fi network. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. In addition, it provides billing system and customer support services. Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.

Yahoo: http://finance.yahoo.com/q/pr?s=WIFI

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