Web: Pure Storage Files to Go Public Later This Year

August 2015 by: From The Web

Pure Storage, the company challenging established players in the enterprise storage business by using flash memory chips instead of hard drives, has filed for an initial public offering.


The company’s filing with the U.S. Securities and Exchange Commission doesn’t specify how many shares the company will sell, so its valuation isn’t yet clear. It says it hopes to raise as much as $300 million in the offering, but that amount will likely change.


Its most recent funding round was for $225 million and valued the firm at more than $3 billion. Investment firm T. Rowe Price and the private equity firm Tiger Global led that round. Pure has raised more than $470 million in total.


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