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UPDATE 1-Meru IPO prices at top of range-underwriter

* Prices at $15 vs $13-$15 range-underwriter

* Sells 4.4 mln shares, raises about $65.8 mln-underwriter

NEW YORK, March 30 (Reuters) - Wireless network provider Meru Networks Inc MERU.N on Tuesday priced shares in its initial public offering at the top of the expected range, according to an underwriter.

Meru sold 4.4 million shares for $15 each, raising about $65.8 million. It had planned to sell shares for $13 to $15 each.

The company, which provides businesses with virtualized wireless networks, said in a regulatory filing that it competes with Cisco Systems Inc CSCO.O, Motorola Inc MOT.N and Hewlett-Packard Co HPQ.N.

Meru posted total revenue of $69.5 million in 2009, up 27 percent from $54.7 million a year earlier. The company narrowed its net loss to $17.4 million from $26.8 million.

Meru said it would use proceeds from the IPO for general purposes including the expansion of its sales and marketing efforts.

Underwriters were led by Bank of America Merrill Lynch. Meru is expected to begin trading on the Nasdaq on Wednesday under the symbol “MERU.” (Reporting by Clare Baldwin; Editing by Bernard Orr)

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