VC-backed Aerohive Networks debuts IPO
Aerohive Networks has launched its IPO of 7.5 million shares after pricing it at $10 per share. The stock began trading Friday on the NYSE under the ticker symbol "HIVE." Goldman Sachs and BofA Merrill Lynch are serving as lead underwriters. Based in Sunnyvale, Calif., Aerohive Networks is a provider of enterprise Wi-Fi solutions. Its backers include Northern Light Venture Capital, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers, Four Rivers Group, Institutional Venture Partners and New Enterprise Associates.
28 March 2014•2 mins read
