Thursday, December 12, 2013

Nimble Storage Raises $168 Million in IPO

Nimble Storage priced an initial public offering of 8 million shares at $21, or $168 million for the company.

Shares will begin trading on the NYSE under the symbol NMBL on Dec. 13.

  • Nimble, which is based in San Jose, California, supplies flash-optimized hybrid storage solutions. The company is headed by Suresh Vasuden, who previously servedd as CEO of Omneon (acquired by Harmonic), and as a senior executive at NetApp for over 10 years where he led the company's product strategy and development.