Business & Tech
Violin Memory Seeks $162 Million IPO
No IPO date has been announced, but the Mountain View company hopes to sell stock between $8 and $10.
Violin Memory, which on Aug. 26, 2013 filed with the Securities and Exchange Commission to raise $173 million in its initial public offering (IPO), updated its filing Monday.
The Mountain View-based, which manufactures enterprise flash memory arrays, revised its figures and plans to raise $162 million through the offer of 18 million public shares. They hope to sell stock between $8 and $10.
Founded in 2005 Violin Memory, 685 Clyde Ave, had 445 as of July 31. Its proposed symbol on the New York Stock Exchange would be VMEM.
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