Thursday, January 7, 2016

San Jose-based Nutanix May IPO This Month

Nutanix offers storage and visualization solutions that are used in data centers around the globe. The company will likely be one of the first Silicon Valley IPO this year and is hoping to raise $200 million. The company currently has 1,368 employees and revenues of $241 million a year. You will be able to find them under the NASDAQ symbol of NTNX.

The company is headquartered near SJC at 1740 Technology Dr #150. The infusion of money will mean more growth for the company, additional job openings, and an opportunity for current employees to cash in some of those shares and contribute to the local economy.

Source: SVBJ

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