Flash storage company Nimble Storage sets terms for $136 million IPO

By Renaissance Capital,

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Nimble Storage, which manufactures flash-optimized, hybrid storage for enterprises, announced terms for its IPO on Monday. The San Jose, CA-based company plans to raise $136 million by offering 8.0 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Nimble Storage would command a fully diluted market value of $1.4 billion.

Nimble Storage, which was founded in 2007 and booked $104 million in sales for the 12 months ended October 31, 2013, plans to list on the NYSE under the symbol NMBL. Nimble Storage initially filed confidentially on August 19, 2013. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: NMBL

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