Meru Networks Ranked Number 25 Fastest Growing Company in North America
11/11/10 Filed in:Meru
SUNNYVALE, Calif., March 31, 2010 – Meru Networks, Inc., today announced the pricing of the initial public offering of 4,386,784 common shares at a price to the public of $15.00 per share.
Of the shares sold in the offering, Meru Networks is offering 3,575,000 shares and selling shareholders are offering 811,784 shares. Meru will not receive any proceeds from the sale of shares by the selling shareholders. The underwriters have a 30-day option to purchase up to an additional 658,017 common shares from Meru at the initial public offering price. The shares are expected to begin trading on the NASDAQ Global Market on March 31, 2010 under the ticker symbol "MERU."
BofA Merrill Lynch is acting as sole book-running manager for the offering. Baird, Cowen and Company, JMP Securities and ThinkEquity LLC are acting as co-managers.
A registration statement relating to the shares of Meru common stock offered in the initial public offering was declared effective by the Securities and Exchange Commission on March 30, 2010. The initial public offering is being made solely by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail prospectus.requests@ml.com.
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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
BofA Merrill Lynch is acting as sole book-running manager for the offering. Baird, Cowen and Company, JMP Securities and ThinkEquity LLC are acting as co-managers.
A registration statement relating to the shares of Meru common stock offered in the initial public offering was declared effective by the Securities and Exchange Commission on March 30, 2010. The initial public offering is being made solely by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail prospectus.requests@ml.com.
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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.