The Samsung-backed flash storage technology provider will float at the middle of the IPO's range, and could potentially raise up to $489m.
Pure Storage, a US-based data storage technology developer that includes electronics manufacturer Samsung among its investors, priced a $425m initial public offering yesterday.
Pure Storage will issue 25 million shares on the New York Stock Exchange later today priced at $17 each – the middle of the IPO’s range. The offering’s underwriters will have the 30-day option to buy an additional 3.75 million shares, which would increase the size of the offering to approximately $489m.
Founded in 2009, Pure…
