Sources: Ruckus signs up banks for IPO - Mobile World Live

Sources: Ruckus signs up banks for IPO

01 MAY 2012

Fast-growing Wi-Fi tech firm Ruckus Wireless has signed up Morgan Stanley and Goldman Sachs to work on a possible IPO later this year, according to sources at Bloomberg. Ruckus CEO Selina Lo confirmed that the firm is exploring options and is in talks with bankers about a possible listing – but declined to elaborate on plans or the banks involved. Ruckus is a specialist in kit that offloads traffic from mobile to Wi-Fi networks. Rival BelAir Networks was recently acquired by Ericsson.