Enterprise cloud company Tintri was supposed to debut on the public markets yesterday with an IPO price between $10.50 to $12.50, but then pushed things back a day and lowered its price to $7. Shares were up about 3.5 percent midday Friday, trading at roughly $7.25 per share. Read More
02
2017
Storage provider Tintri’s IPO filing shows mounting losses
Blue Apron wasn’t the only venture-backed business to announce its IPO this week. Tintri, an enterprise cloud platform company, unveiled its filing. The stock market is doing well and there’s been a strong appetite for tech offerings, so it’s a good time to go public. But Tintri’s mounting losses could prove to be problematic. Tintri brought in $125.1 million… Read More
05
2015
Storage Vendor Tintri Lands $125M Round With Eye Toward IPO
Tintri, a company that develops storage solutions for virtual applications, announced a $125 million round today.
The company also indicated the next logical step is probably going to be an IPO in the first half of 2016 if market conditions are right.
The round was led by Silver Lake Kraftwerk. Existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA also… Read More