Business & Tech
Violin Memory Closer to IPO, But No Date Set
The Mountain View company hopes to go public in 2013.
Mountain View-based Violin Memory, expected to IPO in 2012, still hopes to do so in 2013.
That's according to the Silicon Valley Business Journal. Violin Memory has no comment about when they plan to do so.
Violin, which develops flash memory devices for data centers, began to look for an investment bank to underwrite the issuance of public shares last summer. As of October 2012, the speculation of its valuation rose to $2 billion, but Violin had yet to go public.
In the meanwhile funding continues to pour into Violin from investors, according to AllThingsD.
Violin Memory, founded in 2005, raised Series A funds of $18 million in 2011, Series B funds of $34 million in the first quarter of 2011 and a Series C amount of $54 million also in 2011.
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