Update (4:20 p.m.): Updated with Friday market close information.
NEW YORK (TheStreet) -- Aerohive Networks (HIVE) - Get Report had dropped more than 9% on Friday, its first day of trading after the wireless technology company's IPO, but recovered to close flat at $10.
The company priced its initial public offering at $10 a share, the midpoint of its range, and sold 7.5 million shares to raise $75 million. Goldman Sachs and Bank of America/Merrill Lynch acted as joint booking managers for the offering.
More than 7.58 million shares changed hands on Friday.
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