In all, Nutanix could raise $173.8 million in the midpoint of its price range.
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Nutanix plans to sell 14 million shares for between $11 and $13, with an option for underwriters to buy an additional 2.1 million shares, according to an updated document the company filed with the Securities and Exchange Commission.
Nutanix’s long-awaited IPO may be nearing – but at a lower price than anticipated. Goldman Sachs was already an investor and lead IPO advisor for Nutanix. PernixData’s software does scale-out data analytics; and Calm.io is an innovator in DevOps automation.
This company provides a leading next-generation enterprise cloud platform that converges traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services. It plans to use the money for capital expenditure and general corporate purposes.
Nutanix could be worth as much as $1.8 billion as a public company, if its shares trade at $13.
“The support for the Nutanix IPO would to a certain extent depend on the overall market for enterprise technology and cloud infrastructure stocks, and I would say things have cooled off a bit since past year”, says SDxCentral analyst Scott Raynovich.
Average revenue growth of 17% on a quarterly basis for the last eight fiscal quarters, which grew from $46.1 million in the three months ended October 31, 2014 to $139.8 million in the three months ended July 31, 2016. Net losses for 2016, 2015 and 2014 were $168.5 million, $126.1 million and $84 million, respectively.
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The company has continued to add customers with 3,768 end-customers as of July 31, 2016, compared to 782 end-customers as of July 31, 2014. Since its founding in 2009, Nutanix has raised $318 million so far. The company intends to list its shares on the Nasdaq Global Select Market under the symbol NTNX.
