Nutanix IPO ready to roll

Posted on: September 27, 2016

Nutanix Inc. (NASDAQ: NTNX), a portfolio company of Method Advisors, plans to offer 14 million shares in its IPO scheduled for Friday, September 29th. Nutanix provides an enterprise cloud platform that converges servers, storage resources, and virtualization software into one integrated solution for its roster of clients that includes Honda, eBay, Best Buy, and Aflac. After initially filing IPO registration plans in late 2015, with the intent to become public early this year, Nutanix held back its offering due to weak IPO market conditions. The IPO market has since rebounded, after hitting a seven-year low in the first quarter.

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