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Ruckus Wireless® Announces Pricing of Initial Public Offering

SUNNYVALE, Calif., Nov. 15, 2012 /PRNewswire/ -- Ruckus Wireless, Inc. (NYSE: RKUS) today announced the pricing of its initial public offering of 8,400,000 shares of its common stock at a price to the public of $15.00 per share. Of the 8,400,000 shares, 7,000,000 shares are being offered by Ruckus Wireless and 1,400,000 shares are being offered by certain selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,260,000 shares. Ruckus Wireless will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on November 16, 2012 under the symbol "RKUS."

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Deutsche Bank Securities is acting as a book-running manager. Needham & Company, Oppenheimer & Co., William Blair, and Craig-Hallum Capital Group are acting as co-managers.

The offering is made only by means of a prospectus, copies of which may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, email: prospectus-ny@ny.email.gs.com; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, email: prospectus@morganstanley.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 15, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:

Nicole Noutsios
NMN Advisors
Investor Relations
510-315-1003
IR@ruckuswireless.com

Media Contact:

Mark Priscaro
Global Public Relations Manager
Ruckus Wireless, Inc.
408-604-8531
mark.priscaro@ruckuswireless.com

SOURCE Ruckus Wireless

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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