Tuesday, March 30, 2010

MERU Soars in IPO

Shares in Meru Networks, which specializes in enterprise wireless LAN solutions, soared 28% in their first day of trading on Nasdaq (MERU). The company offered 4,386,784 common shares at a price to the public of $15.00 per share. Trading on Wednesday closed at $19.17.
http://www.merunetworks.com

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