From CRN: Nutanix filed for an initial public offering Tuesday, ending months of speculation over when the highly regarded hyper-converged infrastructure startup would decide it's ready for prime time.
In its S-1 filing with the Securities and Exchange Commission, Nutanix said it's looking to raise up to $200 million in the IPO and will trade under the symbol NTNX.
Nutanix reported $241.4 million in revenue for its fiscal year ended July 31, up 90 percent from the previous year. For the quarter ended Oct. 31, Nutanix reported revenue of $87.8 million, compared with $46.1 million during the same period last year.
However, Nutanix -- which has landed $312 million in funding since its founding in 2009 and has a valuation north of $2 billion -- said it has also racked up losses in the course of developing its technology and expanding its sales and marketing coverage.
Nutanix reported a net loss of $126.1 million in its fiscal 2015, compared with $84 million in 2014 and $44.7 million in 2013, according to the S-1 filing. Nutanix had an accumulated deficit of $312 million as of the end of October.
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