Meru Networks, which provides a virutalized wireless LAN solution, filed on Friday with the SEC to raise up to $86 million in an initial public offering. The Sunnyvale, CA-based company, which was founded in 2002 and booked $67 million in sales over the last 12 months, plans to list on the NYSE under the symbol MERU. BofA Merrill Lynch is the lead underwriter on the deal, for which pricing terms and timing were not disclosed.
