Nutanix Announces Pricing of Initial Public Offering

On September 29, 2016, Nutanix, a next-generation enterprise cloud platform company, announced the pricing of its initial public offering of 14,870,000 shares of Class A common stock at a price to the public of $16.00 per share. The shares began trading on the Nasdaq Global Market on September 30, 2016, under the ticker symbol "NTNX." Wilson Sonsini Goodrich & Rosati is advising Nutanix in the offering.

In addition, the company has granted the underwriters a 30-day option to purchase up to 2,230,500 additional shares. Goldman, Sachs & Co. and Morgan Stanley & Co. are acting as lead book-running managers for the offering, while J.P. Morgan Securities and RBC Capital Markets are acting as book-running managers. Robert W. Baird & Co., Needham & Company, Oppenheimer & Co., Pacific Crest Securities, Piper Jaffray & Co., Raymond James, Stifel, and William Blair & Company are acting as co-managers.

The WSGR team advising Nutanix in the offering is co-led by partners Jeff Saper and Mark Baudler, with assistance from partner Andrew Hoffman and associates Lianna Whittleton, Lillian Jenks, and Angela Xu.

For more information, please see Nutanix's press release.