Pure Storage, Inc. Files for $300M Common Stock IPO

Pure Storage, Inc., filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $300 million. The company plans to list under the ticker, PSTG.

Underwriters on teh offering are Morgan Stanley, Goldman, Sachs & Co., Barclays, Allen & Company LLC, BofA Merrill Lynch, Pacific Crest Securities, Stifel, Raymond James, and Evercore ISI.

Financial statement: Our revenue increased from $6.1 million for the fiscal year ended January 31, 2013 to $42.7 million for the fiscal year ended January 31, 2014 and to $174.5 million for the fiscal year ended January 31, 2015, representing year-over-year revenue growth of 603% and 308% for our two most recent fiscal years. Our revenue increased from $24.6 million for the three months ended April 30, 2014 to $74.1 million for the three months ended April 30, 2015, representing period-over-period growth of 201% for our most recent interim period. Our net loss was $23.4 million, $78.6 million, $183.2 million, $30.0 million and $49.1 million for the fiscal years ended January 31, 2013, 2014 and 2015 and the three months ended April 30, 2014 and 2015, respectively. For the fiscal year ended January 31, 2015 and the three months ended April 30, 2015, 77% and 79% of our revenue was from the United States and 23% and 21% from the rest of the world, respectively.

Pure storage aims to deliver data storage that transforms business through a dramatic increase in performance and reduction in complexity and costs.

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