Aerohive, a company that sells Wi-Fi products to enterprise customers, has today filed to go public. The company’s proposed $75 million public offering is not unexpected. It spoke directly about a future flotation when it raised its Series E round of capital ($22.5 million) in 2012. Aerohive went back to the well a final time, picking up $10 million as a Series F in mid-2013.
Aerohive Networks is going public. The wireless access point maker based in Sunnyvale, CA submitted a public S-1 form to the Securities and Exchange Commission Thursday. The company is seeking up to $75 million in the IPO and will seek to trade on the New York Stock Exchange under the symbol “HIVE.” Aerohive did not list a target price for its offering in the filing. Goldman Sachs is left lead along with BofA Merrill Lynch, Piper Jaffray, William Blair and JMP Securities. The startup is led by Juniper veteran David Flynn, who joined as a board member in 2006 and took over as CEO in July of 2007.
