Nimble Storage Prices IPO Of 8.0 Mln Shares At $21/shr, Above Estimated Range

(RTTNews) - Nimble Storage Inc., a leading provider of flash-optimized hybrid storage solutions, announced the pricing of initial public offering of 8 million shares of common stock at $21.00 per share, above the expected range. All of the shares are being offered by Nimble Storage.

In an amended S-1 filing with the U.S. Securities and Exchange Commission, the company recently expected to price the initial public offering of 8 million common shares between $18.00 and $20.00 per share.

Nimble Storage, which was founded in 2007, has granted the underwriters a 30-day option to purchase up to an additional 1.2 million shares of common stock to cover over-allotments, if any.

The San Jose, California-based company shares to begin trading on the New York Stock Exchange on December 13, 2013, under the symbol "NMBL."

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint bookrunners for the offering. Pacific Crest Securities LLC, William Blair & Company L.L.C., Stifel, Nicolaus & Company, Incorporated, Oppenheimer & Co. Inc. and Needham & Company, LLC are acting as co-managers for the offering.