BPM Congratulates Meru on Recent IPO
 Burr Pilger Mayer, Inc. is proud to announce the initial public offering of its client, Meru Networks, Inc. (NASDAQ: MERU). BofA Merrill Lynch acted as lead underwriter for the offering, which also included Baird, Cowen and Company, JMP Securities and ThinkEquity LLC. BPM serves Meru as its independent registered public accounting firm. Meru Networks provides a virtualized wireless LAN solution that cost-effectively optimizes the enterprise network to deliver the performance, reliability, predictability and operational simplicity of a wired network, with the advantages of mobility. Meru is headquartered in Sunnyvale, California, and has operations around the world.Meru’s IPO consisted of 5,044,801 shares of common stock priced at $15 per share, at the top of its expected range of $13 - $15 per share, resulting in $75.7 million of gross proceeds. The stock closed the day over $19.00, up almost 30% for the day. BPM's SEC practice is the 12th largest in the nation, according to Audit Analytics. ___________________________________________________________________ | |||
To find out more or to get information about BPM’s SEC and VC practices, contact partners Rich Bellucci at rbellucci@bmpcpa.com or Nick Steiner at nsteiner@bpmcpa.com. |
