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Ubiquiti files for a $200 million IPO

June 17, 2011

Ubiquiti Networks, Inc., which deploys wireless networking solutions in underserved markets globally, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The San Jose, CA-based company, which was founded in 2005 and booked $171 million in sales for the 12 months ended March 31, 2011, plans to list on the NASDAQ under the symbol UBNT. UBS Investment Bank is the lead underwriter on the deal. No pricing terms were disclosed.