Technology
Nutanix Updates Underwriters in IPO Filing
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Nutanix has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing. The company intends to list its stock on the Nasdaq Global Select Market under the symbol NTNX.
The underwriters for the offering are Goldman Sachs, Morgan Stanley, JPMorgan, RBC Capital Markets, Baird, Needham, Oppenheimer, Pacific Crest, Piper Jaffray, Raymond James, Stifel and William Blair.
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. Its software-driven platform delivers the agility, scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
Nutanix has recently announced an expansion of its capabilities to provide customers with the flexibility to selectively utilize the public cloud for suitable workloads and specific use cases by enabling seamless application mobility across private and public clouds. This capability will enable hybrid cloud deployments and addresses a critical requirement for any next-generation enterprise cloud platform.
It has combined advanced web-scale technologies with elegant consumer-grade design to deliver a powerful enterprise cloud platform that elevates IT organizations to focus on the applications and services that power their businesses. Nutanix refers to its platform as “invisible infrastructure” because it provides constant availability and low-touch management, enables application mobility across computing environments and reduces inefficiencies in IT planning.
The company plans to use the net proceeds from this offering primarily for capital expenditures, as well as for general corporate purposes, including working capital, sales and marketing activities, research and development and general and administrative matters.
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