Pure Storage Prices IPO At $17 a Share

By MarketWatch Pulse

Pure Storage , an enterprise storage company, priced shares in its initial public offering at $17 each, the middle of its $16 and $18 price range. The company is expected to start trading Wednesday on the New York Stock Exchange. In its prospectus, Pure Storage said it would offer 25 million shares and seek to raise $400 million to $450 million. The company said Tuesday it had also granted its underwriters a 30-day option to buy up to 3.75 million additional shares of class A common stock

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