Tintri Prices 8.57M Share IPO at $7/Sh

June 30, 2017 5:37 AM EDT

Tintri, Inc. (NASDAQ: TNTR) (the "Company" or "Tintri") today announced the pricing of its initial public offering of 8,572,000 shares of its common stock at a public offering price of $7.00 per share.

The shares are expected to begin trading on The NASDAQ Global Market on June 30, 2017 under the symbol "TNTR," and the offering is expected to close on July 6, 2017, subject to customary closing conditions. Tintri has granted the underwriters a 30-day option to purchase up to an additional 1,285,800 shares of common stock from the Company.

The book-running managers of the proposed offering are Morgan Stanley & Co. LLC, BofA Merrill Lynch and Pacific Crest Securities, a division of KeyBanc Capital Markets Inc. Needham & Company LLC, Piper Jaffray & Co., Raymond James & Associates, Inc. and William Blair & Company L.L.C. are acting as co-managers.

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Piper Jaffray, William Blair, KeyBanc, Raymond James, Morgan Stanley, Needham & Company, Pacific Crest Securities, IPO