Monday, May 20, 2013

Ubiquiti Networks Files For Secondary Offering

San Jose-based Ubiquity Networks, which develops wireless networking equipment, has filed for a secondary offering, the firm said in a filing Friday. Ubiquiti said it will 7,700,000 shares of its stock in the secondary IPO, but will not be selling any shares itself in the offering. Most of the shares will come from Summit Partners, one of the company's venture capital backers. Ubiquiti Networks had its IPO in October of 2011.