Pure Storage Priced, NYSE: PSTG

Provides flash memory-based enterprise storage hardware.

Industry: Technology

Latest Trade: $16.28 0.00 (0.0%)

First Day Return: -5.8%

Return from IPO: -4.2%

Industry: Technology

Our mission is to deliver data storage that transforms business through a dramatic increase in performance and reduction in complexity and costs. Our innovative technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. At the same time, our innovative business model replaces the traditional forklift upgrade cycle with an evergreen storage model of hardware and software upgrades and maintenance. Our next-generation storage platform and business model are the result of our team’s substantial experience in enterprise storage and web-scale infrastructure, as well as frustration with the industry’s status quo. Our platform can deliver a 10X acceleration in business applications over legacy disk-based storage. It is also designed to be compatible with existing infrastructure, substantially more reliable and power and space efficient. Our business model builds on our technology innovations to reverse the traditional storage business model. Instead of moving data between old and new systems via forklift upgrades, we keep business data and applications in place and upgrade technology around it. Our platform and business model are designed to add value to customers for a decade or more, reducing total cost of storage ownership while increasing loyalty.
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IPO News for Pure Storage
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IPO Data
IPO File Date 08/12/2015
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 25.0
Deal Size ($mm) $425
IPO Data
IPO Date 10/06/2015
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 25.0
Deal Size ($mm) $425
Underwriters
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Company Data
Headquarters Mountain View, CA
Founded 2009
Employees 1,100
Website www.purestorage.com