Tintri Down Pricing of IPO
From around $110 million to $60 million
This is a Press Release edited by StorageNewsletter.com on July 3, 2017 at 2:25 pmTintri, Inc. announced the pricing of its IPO of 8,572,000 shares of its common stock at a public offering price of $7.00 per share.
The shares are expected to begin trading on The NASDAQ Global Market on June 30, 2017 under the symbol TNTR, and the offering is expected to close on July 6, 2017, subject to customary closing conditions. Tintri has granted the underwriters a 30-day option to purchase up to an additional 1,285,800 shares of common stock from the company.
The book-running managers of the proposed offering are Morgan Stanley & Co. LLC, BofA Merrill Lynch and Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., Needham & Company LLC, Piper Jaffray & Co., Raymond James & Associates, Inc. and William Blair & Company LLC are acting as co-managers.
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by Jean Jacques Maleval | 2017.06.05 | News
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