Nutanix, Inc. raised $273.61 million in its upsized initial public offering of Class A common stock at $16.00 per share. Needham acted as a co-manager on the transaction. The Company’s underwriters fully exercised their option to purchase an additional 2,230,500 shares of common stock at the initial public offering price to cover over-allotments. The net proceeds from the sale of the shares will be used by Nutanix, Inc. for general corporate purposes, including working capital, sales and marketing activities, research and development and general and administrative matters.
Nutanix, Inc. (NASDAQ: NTNX) makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix enterprise cloud platform leverages web-scale engineering and consumer-grade design to natively converge compute, virtualization and storage into a resilient, software-defined solution with rich machine intelligence. The result is predictable performance, cloud-like infrastructure consumption, robust security, and seamless application mobility for a broad range of enterprise applications.