Boingo Wireless, a nationwide WiFi provider, has just announced that it has filed an S-1 registration statement with the SEC for a proposed initial public offering. While the company's statement says that number of shares to be offered and the offering price range are still to be determined, the filing indicates that the IPO is prices at $75 million for now. It's important to note that this is the amount, Boingo is trying to raise but is not the set amount for the IPO. Boingo "believes" that it is is the world?s largest commercial Wi-Fi network, with 211,000 Wi-Fi locations in over 100 countries. The company installs, manages and operates wireless networks in locations like airports and restaurant chains, which Boing says had more than 800 million visitors in 2009.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/e_x79aJ-eRY/
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