Ruckus Wireless eyes IPO

Six-year-old WiFi networking company Ruckus Wireless is aiming to go public in the first half of 2011.

The company said it is talking to investment bankers with plans to interview several in the second half of this year. It may be a more difficult task than unusual given the economic slump that plagued much of 2009, but investment bankers say IPOs are expected to make a comeback in 2010.

Geoff Yank, a partner at Redpoint Ventures is expecting more than 50 venture-backed IPOs in the technology sector in 2010. Last year there were only 16 tech IPOs.

Ruckus, which has developed interference mitigation techniques for WiFi networks to enable them to deliver video, said it will near profitability in the first half of this year. It is working to capitalize on the trend toward offloading cellular data onto WiFi networks as well as helping to cost effectively expand WiFi as a last-mile connection in underdeveloped regions of the world.

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