Nimble Storage files for an IPO, wants to raise up to $150 million
Nimble Storage of San Jose wants to go public on the New York Stock Exchange and indicated as much in a registration filing with Securities & Exchange Commission (SEC). The 5-year-old company, which makes flash-based storage systems and competes with the likes of EMC (s EMC) and NetApp, (s NTAP) wants for raise up to $150 million and will likely trade under the symbol, NMBL. No further details on how many shares it hopes to see become available. It has raised about $40 million from Sequoia Capital, Accel Partners and Lightspeed Venture Partners.
I am wondering, how many of these IPO will stand after 5 years.
Proud of my good friend and founder Umesh Maheshwari, they started with a moonshot idea in 2007 and now filing an IPO, visiting their office and seeing their exponential growth and vision I knew they’d have a huge product. I’ve advised them to switch to all flash to stay competive and he founders are very receptive to trends I expect huge long term growth.