Boingo Wireless
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| Type | Public |
|---|---|
| Traded as | NASDAQ: WIFI |
| Industry | Computer software, IT services |
| Founded | Los Angeles, CA (2001) |
| Founder(s) | Sky Dayton |
| Headquarters | 10960 Wilshire Blvd. Suite 800 Los Angeles, CA |
| Key people | Sky Dayton, Founder and Chairman of the Board; David Hagan, President and Chief Executive Officer |
| Products | Software technology and roaming services for Wi-Fi networks |
| Website | Boingo.com |
Boingo Wireless (NASDAQ: WIFI) is a public company that provides global Wi-Fi services at more than 125,000 hotspots worldwide – including hundreds of airports, thousands of hotels, and tens of thousand cafes and coffee shops. The company is headquartered in Los Angeles.
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[edit] History
Boingo was founded in 2001 by Sky Dayton, who also founded Earthlink. Dayton's goal was to solve the fragmentation problem inherent in Wi-Fi networks.
In January 2011, the company announced plans for an IPO by submitting a filing with the SEC. In April 2011, Boingo Wireless set its IPO terms, planning to raise $75 million by offering 5.8 million shares at a price range of $12 to $14.[1]
On May 4th, 2011, Boingo Wireless went public selling 5,770,000 shares at $13.50, raising $77.9 million. Of the shares sold in the offering, the company sold 3,846,800 shares and selling stockholders 1,923,200 shares. After the offering, the company has 32.5 million shares out, giving the company a market cap of around $439 million on the offering.[2]
[edit] Products And Services
Boingo offers six different monthly Wi-Fi access plans, offering worldwide access, or regional access for customers in North and South America, Europe, Middle East and Africa (EMEA), and Asia Pacific. The company also offers a pay as you go plan for 24 hour access at select locations. Prepaid credits are also available for customers traveling outside their service plan area.
The company also produces a database of available Wi-Fi locations for customers, available on the website and as a downloadable app for PCs, Macs, and Android and iOS devices.
[edit] Awards
Global Traveler's Award - 2011 - Best Wi-Fi Service [3]
[edit] References
- ^ http://www.renaissancecapital.com/ipohome/news/Boingo-Wireless-unveils-IPO-terms-9360.html Renaissance Capital
- ^ http://investors.boingo.com/releasedetail.cfm?ReleaseID=574229
- ^ http://globaltravelerusa.com/web/view/global-traveler-announces-8th-annual-reader-survey-award-winners
[edit] External links
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