Pure Storage Files for IPO

Company valued at $3 billion, fast rising but not profitable

This is a Press Release edited by StorageNewsletter.com on August 13, 2015 at 2:19 pm

Pure Storage, Inc. has filed a registration statement on Form S-1 with the U.S. SEC relating to a proposed initial public offering of its Class A common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Pure Storage intends to list its Class A common stock under the ticker symbol PSTG.

Morgan Stanley and Goldman, Sachs & Co. will act as lead book-running managers for the proposed offering. Barclays, Allen & Company LLC and BofA Merrill Lynch will act as book-running managers, and Pacific Crest Securities, a division of KeyBanc Capital Markets, Stifel, Raymond James and Evercore ISI will act as co-managers.