Nimble Storage (NMBL) aims to reshape the storage industry

Whirly lollipop on orange background.

Nimble Storage (NMBL) is expected to price this week and has raised the proposed range up from $16-$18 to $18-$20. This Goldman Sachs/Morgan Stanley deal is hot and would debut at $1.4B at the new mid-point or about 10x sales. Based on prior deals this one will probably reach 2x+ the IPO price in the aftermarket.

After watching FLASH storage companies like Violin Memory (VMEM), STEC (STEC) and Fusion-io (FIO) fail investors are still looking for a company with the “secret sauce” to play new innovations in storage and the Nimble software solution might . . .

Want the rest of the article?

Please login or join us as a member to view our complete content!