Boingo Wireless, Inc., which offers high-speed, high-bandwith Wi-Fi network access by partnering with over 125 network operators, announced terms for its IPO on Wednesday. The Los Angeles, CA-based company plans to raise $75 million by offering 5.8 million shares at a price range of $12 to $14. At the mid-point of the proposed range, Boingo Wireless will command a market value of $485 million. Boingo Wireless, which was founded in 2001 and booked $80 million in sales last year, plans to list on the NASDAQ under the symbol WIFI. Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal, for which timing was not disclosed.
