Ruckus Wireless to raise $100 mn funding

Ruckus Wireless, California based wireless LAN products company is going public, it plans to raise up to $100 million. The company intends to use the net proceeds for working capital expense and other general corporate purposes.

The company has informed U.S. Securities and Exchange Commission that Goldman Sachs & Co, Morgan Stanley and Deutsche Bank Securities are the lead underwriters to the IPO.

The company has not specified the stock exchange it intended to list on, the number of shares it planned to sell and their expected price.

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