Maxim Group Starts Nutanix (NTNX) at Buy
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Go back to Maxim Group Starts Nutanix (NTNX) at Buy
October 3, 2016 9:12 AM EDT
After gaining 131% on its debut Friday, the IPO for Nutanix (NASDAQ: NTNX) is up another 2.4% in pre-open trade Monday.
Shares are currently trading at $37.82 after pricing at $16.
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September 30, 2016 11:21 AM EDT
By Sruthi Shankar and Heather Somerville
(Reuters) - Shares of Nutanix Inc (NASDAQ: NTNX), an unprofitable but growing provider of enterprise data storage, soared more than 130 percent in their market debut Friday, highlighting demand for tech offerings in what has been a generally quiet year for IPOs.
Nutanix's stock opened the day at $26.50, valuing the San Jose, California-based company at $3.6 billion, a leap above the $2 billion valuation it received in its last private funding round in 2014.
At the closing bell, shares were priced at $37, a 131 percent pop from the IPO price of $16.
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September 30, 2016 11:09 AM EDT
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... More
September 30, 2016 10:41 AM EDT
Today's IPO for Nutanix (NASDAQ: NTNX) remains in Pre-Launch status at NASDAQ. Shares are expected to open sharply higher.
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September 30, 2016 6:18 AM EDT
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.... More
