Meru Networks (MERU), a Sunnyvale-based provider of enterprise wireless networking gear, this morning priced an IPO of 4,386,784 common shares at $15, at the top of the expected range of $13-$15. The company is selling 3,575,000 shares, while selling holders are offering 811,784 shares.
Venture investors in Meru included Tenaya Capital, Clearstone Venture Partners, NeoCarta Ventures, Evercore Ventures, Monitor Venture Partners, Bluestream Ventures and D.E. Shaw & Co.
Update: Meru is off to a rousing start. The stock is up $4.81, or 32.1%, to $19.81.
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