Pure Storage IPO Raises $425 Mil In Soft Tech Market
Data storage provider Pure Storage (PSTG) raised $425 million with an initial public offering late Tuesday, pricing at the midpoint of its estimated range. Pure Storage, which provides data storage devices based on flash memory chips for the enterprise market, priced 25 million shares at 17. It is slated to begin trading Wednesday morning on the NYSE under the ticker PSTG. Investors have been cheering for a strong showing of Pure Storage, the only