Boingo Wireless (WIFI) IPO Trades Lower

May 4, 2011 10:27 AM EDT
The IPO for Boingo Wireless, Inc. (Nasdaq: WIFI) is open for trading. Shares are trading at $12.56 after pricing 5,770,000 shares at $13.50 per share, near the top end of the expected $12-$14 range.

Credit Suisse and Deutsche Bank Securities are acting as joint book-running managers of the offering.

Boingo Wireless operates a global network of Wi-Fi hotspots, and primarily derives revenues from monthly subscription fees


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