Wednesday, March 7, 2007

Aruba Sets Terms For IPO

Sunnyvale-based Aruba Networks, a provider of networking equipment, said today in an SEC filing that it will offer 8,000,000 shares of the firm's stock in an IPO at between $8.00 and $10.00 per share. The firm will be listed on the Nasdaq Global Market as ARUN. Aruba is backed by Matrix Partners, Sequoia Capital, Trinity Ventures, and WK Technology.