Friday, June 24, 2011

BlueArc Files For IPO

San Jose-based BlueArc, the developer of high performance, network attached storage (NAS) devices, has filed for an IPO. According to the firm's filing with the SEC Friday, it is looking to raise up to $100M in an IPO on the Nasdaq Global Market or NYSE. The company says it has filed to trade as "BLRC". The IPO is being underwritten by J.P. Morgan, BofA Merrill Lynch, Credit Suisse, William Blair & Company, Pacific Crest Securities, and ThinkEquity LLC. BlueArc is venture backed by Meritech Capital Partners, Crosslink Capital, Investor Growth Capital, and Morgenthaler Venture Partners.