Ubiquiti Networks (UBNT) IPO Surges Higher

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The IPO for Ubiquiti Networks, Inc. (Nasdaq: UBNT) is trading sharply higher. Shares are trading at $17.76 after pricing 7,038,230 shares at $15.00 per share, the low end of the expected $15.00-$17.00 range.

UBS Securities LLC, Deutsche Bank Securities Inc. and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and ThinkEquity LLC are acting as co-managers.

Ubiquiti Networks is a product driven company that leverages innovative proprietary technologies to deliver wireless networking solutions with compelling price-performance characteristics to both start-up and established network operators and service providers.

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Related Entities

Deutsche Bank, UBS, Raymond James, ThinkEquity, Pacific Crest Securities

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