Aerohive Networks has announced the pricing of its initial public offering of 7,500,000 shares of its common stock at a price to the public of $10 per share.
In addition, the company has granted the underwriters a 30-day option to purchase up to 1,125,000 additional shares of common stock from Aerohive at the initial public offering price.
According to an official company release, the shares are expected to begin trading on the New York Stock Exchange on March 28, 2014 under the symbol “HIVE.”
Goldman, Sachs & Co. and BofA Merrill Lynch are acting as joint book-running managers for the offering, while Piper Jaffray & Co., William Blair & Company, LLC, JMP Securities LLC and Stephens Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on March 27, 2014 - the offering will be made only by means of a prospectus.