SAN FRANCISCO January 15 pm news, American WiFi network provider Boingo Wireless has with the U.S. Securities and Exchange Commission (SEC) submitted to the IPO (initial public offering) to apply, not to be sold more than 7,500 million common shares, financing proceeds will be used as working capital and other general corporate expenses.
The company also said it would finance this expansion through acquisition, to expand the existing business, but has not yet entered into any agreement or commitment not to make any transactions.
Boingo WiFi network with a large, global number over 210,000 hot spots, allows the user to the airport, hotels, conference centers, cafes and other public places, use of WiFi Internet access devices. Over the past year, more than 130 million users to buy the company's mobile Internet services.
Boingo's main source of income to purchase monthly packages of its individual users. 9 months 2010, the company achieved profitability year on year, revenue grew 29% to $ 59,000,000.
Boingo plans NASDAQ market, stock trading symbol (Ding Hong)
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