Pure Storage Receives $425,000,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56f68f99-064a-42f8-8278-b0edec9ce815 - Date
10/7/2015 - Company Name
Pure Storage - Mailing Address
650 Castro St. Mountain View, CA 94041 USA - Company Description
Pure Storage (NYSE: PSTG) is leveraging flash to change the performance and cost dynamics of enterprise storage. - Website
http://www.purestorage.com - Transaction Type
IPO - Transaction Amount
$425,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The principal purposes of this offering are to increase our capitalization and financial flexibility, increase our visibility in the marketplace and create a public market for our Class A common stock. As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering. However, we currently intend to use the net proceeds from this offering primarily for general corporate purposes, including expansion of our product development and sales and marketing organizations. We may also use a portion of the net proceeds from this offering for the acquisition of, or investment in, technologies, solutions or businesses that complement our business, although we have no commitments or agreements to enter into any such acquisitions or investments at this time. Accordingly, we will have broad discretion over the uses of the net proceeds from this offering. Pending these uses, we intend to invest the net proceeds from this offeri - M&A Terms
