US-based enterprise computing company Nutanix has filed for a $200m initial public offering on Nasdaq.
Founded in 2009, Nutanix has built a cloud platform for business use that integrates server, virtualisation and storage silos into a single system. It made a $126m net loss in the fiscal year ending July 2015 from revenues of approximately $241m.
The company’s investors include Sapphire Ventures, the venture capital firm spun out of enterprise software producer SAP, which co-led the company’s $101m series D round in January 2014 with Riverwood Capital Partners.
The series D round also included Morgan Stanley Expansion Capital, Greenspring Associates, Lightspeed Venture Partners, Khosla Ventures and Battery Ventures, and was followed by a $140m round in August 2014 backed by two Boston-based public market investors, one of which appears to be Fidelity Management & Research (FMR).
Lightspeed is Nutanix’s largest investor, with a 23% stake, while other notable backers include Khosla Ventures (10.9%), Mohit Aron (8.8%), FMR (6.1%), Blumberg Capital (5.7%) and Riverwood Capital (5.1%).
Other investors in Nutanix, which has raised $312m in venture funding overall, include investment bank Goldman Sachs.
Goldman Sachs and Morgan Stanley have been appointed lead book-running managers for the IPO, while J.P. Morgan Securities and Credit Suisse Securities will serve as book-running managers.
Robert W. Baird, Needham & Company, Oppenheimer, Pacific Crest Securities, Piper Jaffray, Stifel and William Blair & Company will act as co-managers.