Weekly Update #167 - Nutanix jumps 130% on IPO

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Hello Investors,

Nutanix flies in IPO

Well, that was exciting.

Nutanix (ticker: NTNX) wasted no time erasing any fears of an IPO drought, with a Friday IPO that saw the shares rise 131% from its IPO price (you can read more here). Nutanix had last raised private capital at $13.39 per share in August 2014 and went on to price its IPO at $16 per share, and closed the day at $37.

The demand for tech shares should entice other private tech "unicorns" to test the markets. In fact, one of Nutanix's competitors is already rumored to be planning an IPO (read: Storage Startup Tintri Files for an IPO).

In other news...

Thanks,
Phil Haslett | Founder + Head of Investments | EquityZen 
 

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