Neither the banks nor Ruckus confirmed the specifics, but CEO Selina Lo told Bloomberg that the company really is in talks with banks about an IPO and would like to go for it this year.
Lo also said that Ruckus will announce a partnership with Nokia Networks , which will resell its Wi-Fi network gear, at the International CTIA Wireless 2012 show in New Orleans next week.
If the buzz around carrier-grade Wi-Fi services is anything to go by, this year looks like a good time for Ruckus to try for a public offering. Or at least, the time is right for Ruckus to raise its profile as a potential acquisition target for larger equipment vendors, following the precedent set by Ericsson AB (Nasdaq: ERIC)'s BelAir Networks Inc. buy. (See Ericsson Adds Wi-Fi With BelAir Buy , Ericsson CTO Talks BelAir Buy and MWC = Mobile Wi-Fi Congress .)
The enthusiasm about carrier Wi-Fi was certainly palpable in London last week at Light Reading's Strategic Opportunities in Service Provider Wi-Fi conference.
Here are the news highlights from the event:
- Wi-Fi 'Wild West' Challenges Carriers
- Mobile Ops Can Learn From Wi-Fi, Cisco Says
- Startup Opens Gateways to Wi-Fi Services
- BT Tests Carrier Wi-Fi Roaming
- Should Wi-Fi Be a Free-for-All?
— Michelle Donegan, European Editor, Light Reading Mobile