The next big tech IPO of the year is starting to look like a bummer (NTNX)
|09/20/2016||Posted by BusinessMediaguide.Com under General World News||
Nutanix’s long-awaited IPO may be nearing — but at a lower price than anticipated.
According to an updated regulatory filing disclosed Monday, Nutanix is pricing its shares in the range of $11 to $13.
At the high-end of the range, that would give the infrastructure company a market cap of $1.8 billion — slightly lower than the $2 billion-plus reported valuation it fetched two years ago in its Series E funding.
That’s not an encouraging sign for a company that initially filed to go public in December 2015. Nutanix has repeatedly delayed its IPO for the past 9 months, and took a read more >>>