Shares of Pure Storage (PSTG) are expected to be offered at an IPO (initial public offering) price of $17 a share on Wednesday.
The deal would value the offering at a total of $425 million. The expected price range was between $16-$18 so Wall Street split the middle. The company competes in the flash storage market where competition is tough.
We would wait a few weeks until the dust settle before jumping into the fray