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Aerohive hopes to ride enterprise Wi-Fi to a $75M IPO

Stephen Lawson | Feb. 17, 2014
Aerohive Networks, a networking vendor that's bullish on the convergence of enterprise wired and wireless LANs, aims to raise US$75 million through an initial public offering.

However, the company also warned it has a history of increasing losses. In the first nine months of 2013, Aerohive lost $25 million, up from $15.8 million a year earlier.

Nevertheless, with a strong management team and a focus on the higher layers of networking rather than sheer hardware, the company has good prospects, the analysts said.

 

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