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Carrier WiFi

Aruba Plots $80M IPO

Wireless LAN vendor Aruba Networks Inc. (Nasdaq: ARUN) has set the range for its IPO and is expecting to raise up to $80 million in a float on the Nasdaq .

The company, which unveiled its IPO plans last December, plans to sell 8 million shares at a price of $8 to $10 each, according to updated documents filed with the Securities and Exchange Commission (SEC) . (See Aruba Files for IPO.)

The firm plans to trade under the ticker symbol "ARUN." Aruba is expected to be priced Monday, March 26, to trade on Tuesday, March 27.

Get the rest of the story at Unstrung.

— Dan Jones, Site Editor, Unstrung

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