Converged data center infrastructure provider Nutanix today announced that it has raised $237.9 million in its initial public offering, as a result of selling $14.87 million in shares at $16 per share. That’s up from $15 per share in the most recent revision to its initial public offering (IPO) filing from September 28 and up from $13 per share in a September 19 revision.
Nutanix is set to start trading on the NASDAQ Global Select Market under the symbol NTNX on September 30. Goldman Sachs and Morgan Stanley are the lead book-running managers in the deal, according to a statement.
Nutanix first filed paperwork for its IPO in December but held off on the proceedings for several months.
Nutanix came up with a $168.4 million net loss on $444.9 million in revenue — mostly product, and the rest from support and services — in the year that ended on July 31. The company had 3,768 customers as of July 31, up from 782 two years prior to that. Customers include AT&T, Airbus, Deloitte, Staples, and Yahoo. Based in San Jose, California, Nutanix had 1,980 employees on July 31.
Nutanix’s investors include Battery Ventures, Blumberg Capital, Fidelity, Khosla Ventures, Lightspeed Venture Partners, Morgan Stanley Expansion Capital, Riverwood Capital Partners, and Sapphire Ventures.