Investor’s Business Daily – The wireless hot spot provider fell 10.4% to 12.10 after raising $77.9 mil in its public offering. Shares of Boingo Wireless (NASDAQ:WIFI – News) priced at $13.50, the upper end of its expected $12-$14 range. Boingo makes software for mobile Internet access at Wi-Fi locations. Boingo is hoping to profit from continued growth of Wi-Fi. But its paid access model faces a threat from the growth of free Wi-Fi hot spots as well as free access granted as part of telecoms’ bundled packages.