Nutanix, a software-defined storage appliance provider, announced terms for its IPO on Monday.
The San Jose, CA-based company plans to raise $168 million by offering 14 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Nutanix would command a fully diluted market value of $2.1 billion.
Nutanix was founded in 2009 and booked $445 million in sales for the 12 months ended July 31, 2016. It plans to list on the Nasdaq under the symbol NTNX. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets are the joint bookrunners on the deal.. It is expected to price during the week of .
