Ruckus Wireless opened for trading on Friday on the New York Stock Exchange (NYSE) under the ticker symbol “RKUS” after its initial public offering. Share prices fell 18 per cent, after raising $126 million in the IPO.
Headquartered in Silicon Valley and formed in 2004, Ruckus Wireless is a supplier of advanced wireless systems for the mobile Internetworking market. The company has developed a wide range of indoor and outdoor “Smart Wi-Fi” products.
Barclays is the Designated Market Maker (DMM) for the company’s stock.