Nutanix (NTNX) IPO Opens Up 66%

September 30, 2016 11:09 AM EDT
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Today's IPO for Nutanix (Nasdaq: NTNX) opened for trading at $26.50 after pricing its upsized initial public offering of 14,870,000 shares of Class A common stock at a price of $16 per share, above the expected $13 to $15 per share range.

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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