In a good sign for the tech industry, tech unicorn Nutanix’s IPO pops a huge 90% (NTNX)
|09/30/2016||Posted by BusinessMediaguide.Com under General World News||
Ten months after filing its paperwork to go public, Nutanix finally had its IPO on Friday, and the entire tech industry is relieved.
Its IPO popped big, up well over 90%, with shares trading at around $29 compared to its $16 initial price. That values the company at over $4 billion, and the stock is still rising as we write this.
The entire tech industry was watching. Nutanix is one of the so-called “unicorn” companies. It was previously valued at $2 billion back in 2014, just at the start of the last unicorn phase that saw over 150 startups raise so read more >>>