Tintri Announces Pricing of Initial Public Offering
On June 29, 2017, Tintri, a leading provider of enterprise cloud platforms, announced the pricing of its initial public offering of 8,572,000 shares of its common stock at a price to the public of $7.00 per share. The shares began trading on the Nasdaq Global Select Market on June 30, 2017, under the symbol "TNTR." Wilson Sonsini Goodrich & Rosati is representing Tintri in the offering.
The company has granted the underwriters a 30-day option to purchase up to an additional 1,285,800 shares of common stock. Morgan Stanley & Co., BofA Merrill Lynch, and Pacific Crest Securities are acting as book-running managers for the offering, while Needham & Company, Piper Jaffray & Co., Raymond James & Associates, and William Blair & Company are acting as co-managers. The offering is expected to close on July 6, 2017, subject to customary closing conditions.
For more information, please see Tintri's press release.