Pure Storage (PSTG) IPO Opens Lower

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Pure Storage Prices Initial Public Offering

October 6, 2015 8:02 PM EDT

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Pure Storage (NYSE: PSTG) today announced the pricing of its initial public offering of 25,000,000 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, Pure Storage has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of Class A common stock. The shares are expected to begin trading on the New York Stock Exchange on October 7, 2015... More