Pure Storage (PSTG) IPO Opens Lower
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October 8, 2015 8:28 AM EDT
FBN Securities initiated coverage on Pure Storage (NYSE: PSTG) with an Outperform rating and a price target of $23.00. The initiation follows the company's IPO yesterday. Analyst Shebly Seyrafi is bullish on the stock and he expects Pure Storage's market share momentum to continue.
"The company is currently ~1/16th the size of NTAP and ~1/50th the size of EMC, so it has ample potential ahead to penetrate the ~$24B market... More
October 7, 2015 8:46 AM EDT
Pure Storage (NYSE: PSTG) 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, the middle of the expected $16-$18 range. The shares are expected to begin trading on the New York Stock Exchange today under the symbol "PSTG".
Morgan Stanley and Goldman,... More
October 6, 2015 2:05 PM EDT
The following are expected IPOs for October 7, 2015:
Pure Storage, Inc. (NYSE:
PSTG) - will offer 25 million shares and sees an IPO offering price of $16 to $18 per share. For more color,...
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