Pure Storage Preparing for IPO

Pure Storage, a flash storage company, has reportedly hired Morgan Stanley, Goldman Sachs, and Barclays for an initial public offering.  This comes after a funding round in April 2014 valued the company at over $3bn.  Pure Storage has raised over $470mn from investors including Sutter Hill, Greylock, Redpoint, Index Ventures, T. Rowe Price, Fidelity and Wellington Management.  The IPO could come later this year.

Pure Storage is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 104 companies organized by investment theme.