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Ruckus Wireless (RKUS) has turned in a disappointing IPO. After pricing its 8.4M-share offering...

Ruckus Wireless (RKUS) has turned in a disappointing IPO. After pricing its 8.4M-share offering at $15, the high end of its range, shares opened exactly at $15 and have since slipped to $14.30, down 5%. That gives it a valuation of $1.06B. Ruckus' steep multiples could be giving investors pause, offsetting any enthusiasm regarding the carrier Wi-Fi equipment firm's strong growth rate. Ruckus had revenue of $152.5M (+93% Y/Y) over the first 9 months of 2012, and net income of $7.4M. (S-1)
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