The flash storage company, backed by Samsung, has set the range for its initial public offering at $16 to $18 per share, expecting to raise up to $450m.
US-based flash storage technology producer Pure Storage, backed by electronics conglomerate Samsung, will put up 25 million shares priced at $16 to $18 and will raise up to $450m.
The offering would value Pure Storage at more than $3.3bn, if it floats at the upper end of the range. The company was valued at $3bn in April 2014, when it secured $225m in series F funding.
Established in 2009, Pure Storage develops flash drives aimed at data centres. The technology…
