Finally an IPO to get the tech world excited.
While venture funding this year has reached levels not seen since the dot-com bubble and private valuations have exploded, the public markets have been largely relegated to the sidelines
Leave it to a storage company to try and break the ice.
Pure Storage, which ranked 16th on the latest CNBC Disruptor list, filed its IPO prospectus on Wednesday, announcing tentative plans to raise up to $300 million. Even at that amount, which is likely to increase, it would be the biggest deal for a U.S. enterprise technology company this year, and certainly the most high-profile name since Box in January.
There's much more activity in the late-stage venture market. According to CB Insights, more than 100 companies have raised private rounds of at least $100 million this year.
"We're seeing fewer companies have the need to test the public markets, because they can get so much in the private markets," said Anand Sanwal, CEO of New York-based CB Insights