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PSTG News

Week ahead: Two biotechs and a tech company

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In the last week of October, no companies filed for an IPO. October was a difficult month for IPOs: 16 companies went public, pricing an average of 22% below their midpoint....read more

US IPO Weekly Recap: Cut the offer price for positive returns

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Continuing the recent trend, four out of five deals priced below the range. This week, five companies raised $765 million, pricing an average of 19% below their proposed midpoints. All four deals that priced below traded up, popping 10% on...read more

Pure Storage prices IPO at $17, within the range; largest VC-backed tech IPO of 2015

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Pure Storage, which provides flash memory-based enterprise storage hardware, raised $425 million by offering 25 million shares at $17, the midpoint of the $16-$18 range. At its offer price, Pure Storage commands a fully-diluted market cap of $3.9 billion, and...read more

The IOT IPO: Adesto Technologies sets terms for $45 million IPO

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Adesto Technologies, a fabless provider of flash memory chips for OEMs of connected devices, announced terms for its IPO on Monday. The company claims its chips will take advantage of an industry shift toward the Internet of things (IOT). The Sunnyvale,...read more