Toshiba owns 14.4% of Violin having backed its series A round in 2010 and set up a sales agreement for its portfolio company to buy at least 70% of its memory from the Japanese group, according to its regulatory filing.
Violin Memory, a US-based maker of data storage equipment backed by Japan-based conglomerate Toshiba, plans to raise $172.5m in its flotation on the New York Stock Exchange.
Toshiba owns 14.4% of Violin having backed its series A round in 2010 and set up a sales agreement for its portfolio company to buy at least 70% of its memory from the Japanese group, according to its regulatory filing.
Violin had $51.3m in sales in the first six months of the…
