Meru Networks has filed for an initial public offering, the IDG News Service reported. The maker of equipment for wireless networks aims to raise as much as $86.25 million via the listing as it prepares for what is expected to be rapid growth in the industry.
In its filing, the company did not estimate how much its shares would cost or how much the I.P.O. would raise, but for purposes of calculating a registration fee, it gave a proposed maximum aggregate offering price of $86.25 million.
The offering will take place “as soon as practicable” after the registration became effective, the filing said.
Bank of America Merrill Lynch is the lead underwriter of the offering.
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