Nutanix (NTNX) Prices 14.87M Common Stock IPO at $16/Share, Above Expected Range

Nutanix (Nasdaq: NTNX) 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.

*** NOTE: The company was recently looking for a pricing range of $13 to $15 per share.

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.

Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix enterprise cloud platform leverages web-scale engineering and consumer-grade design to natively converge compute, virtualization and storage into a resilient, software-defined solution with rich machine intelligence. The result is predictable performance, cloud-like infrastructure consumption, robust security, and seamless application mobility for a broad range of enterprise applications.

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