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Boingo Wireless prices IPO at $13.50, within the range

May 3, 2011

Boingo Wireless, which is leading provider of mobile Wi-Fi software and services with 325,000 hotspots, raised $78 million on Tuesday by offering 5.8 million shares at $13.50, within its proposed range of $12 to $14. Boingo Wireless will begin trading Wednesday on the NASDAQ under the symbol WIFI. Credit Suisse and Deutsche Bank Securities acted as lead managers on the deal.