Wednesday, October 7, 2015

Pure Storage Debuts In IPO

Mountain View-based Pure Storage debuted in its IPO this morning on the New York Stoge Exchange, trading under the symbol PSTG, after pricing its IPO at $17.00 per share last night. The company was trading around $16.22 in morning trading, down from its IPO. The company had priced at the mid-range of its initial estimated IPO range, which had been $16.00 to $18.00 per share. The company sold 25 million shares in its offering. Pure Storage develops flash-based storage arrays.