Pure Storage Inc. Filed for a $300m IPO

Pure Storage, a flash storage company, filed an S-1 for a $300m IPO today.  The company named Morgan Stanley, Goldman Sachs, Barclays, and Allen & Company as bookrunners.  This filing confirms speculation in April that Pure Storage was preparing to go public.  The company was valued at $3bn in April 2014 and has raised over $470m from investors including Sutter Hill, Greylock, Redpoint, Index Ventures, T.Rowe Price, Fidelity and Wellington Management.  The company has not chosen an exchange but will list as “PSTG.”

Company Description: Pure Storage sells solid-state enterprise storage hardware

Competitive Set: EMC, Hitachi Data Systems, HGST (Western Digital), NetApp, HP