Pure Storage Ipo Litigation

Pure storage ipo litigation

How Flash Storage is Disrupting and Transforming the Data Center

Law360, New York (October 7, 2015, 8:51 PM EDT) -- Pure Storage Inc.’s initial public offering — a closely watched IPO marking the first technology issue in three months — was greeted coolly Wednesday, and capital markets attorneys say the lukewarm reception could chill hopes for a revival of technology offerings, especially while private financing options remain attractive.

The flash memory storage provider’s foray into public markets, which valued the company at $3.1 billion, was among the most notable IPOs in months, raising $425 million in the largest venture capital-backed technology issue in 2015, according to IPO researcher Renaissance Capital.

Given the weak output of technology IPOs in 2015, capital markets...

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Pure storage ipo litigation