Tech Company Inital Public Offerings
Pure Storage IPO
Operating out of Mountain View, Pure Storage went public.
Transaction Overview
Company Name
Announced On
10/7/2015
Transaction Type
IPO
Amount
$425,000,000
Proceeds Purpose
The principal purposes of this offering are to increase our capitalization and financial flexibility, increase our visibility in the marketplace and create a public market for our Class A common stock. As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering. However, we currently intend to use the net proceeds from this offering primarily for general corporate purposes, including expansion of our product development and sales and marketing organizations. We may also use a portion of the net proceeds from this offering for the acquisition of, or investment in, technologies, solutions or businesses that complement our business, although we have no commitments or agreements to enter into any such acquisitions or investments at this time. Accordingly, we will have broad discretion over the uses of the net proceeds from this offering. Pending these uses, we intend to invest the net proceeds from this offeri
Company Information
Company Status
Publicly-held
Industry
Storage
Mailing Address
650 Castro St. 260
Mountain View, CA 94041
USA
Mountain View, CA 94041
USA
Phone
Website
Email Address
Overview
Pure Storage (NYSE: PSTG) is leveraging flash to change the performance and cost dynamics of enterprise storage.
Management Team
Title
Name
Email & Social
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We do our best to report on funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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