Nutanix sets pricing of NTNX public offering
Nutanix announces pricing of initial public offering, the next-generation enterprise cloud platform company. Nutanix has announced the pricing of its upsized initial public offering of 14,870,000 shares of Class A common stock at a price of $16.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on September 30, 2016 under the symbol “NTNX.” All of the shares are being offered by Nutanix. Additionally, Nutanix has granted the underwriters a 30-day option to purchase up to 2,230,500 additional shares of Class A common stock from Nutanix at the initial public offering price.
I.P.O. Values Cloud Company Nutanix at $2.18 Billion.
After some time, Nutanix priced its $238 million I.P.O. Thursday evening, with a valuation of $2.18 billion that is slightly higher than the one it received in the private markets two and a half years ago.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as book-running managers for the offering. Robert W. Baird & Co. Incorporated; Needham & Company LLC; Oppenheimer & Co. Inc.; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc.; Piper Jaffray & Co.; Raymond James; Stifel; and William Blair & Company, L.L.C. are acting as co-managers.
This offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.