NEW YORK--(BUSINESS WIRE)--Pure Storage, Inc. (NYSE:PSTG) began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “PSTG” after its initial public offering. Barclays is the Designated Market Maker for the company’s stock.
CEO Scott Dietzen, joined by members of Pure Storage’s leadership team, commemorated the company’s public debut by ringing The Opening Bell® and visiting the trading floor to watch the stock open.
Pure Storage is a leading independent solid-state array vendor enabling the broad deployment of flash in the data center.
“The NYSE is proud to welcome Pure Storage to its growing community of technology innovators,” said NYSE President Tom Farley. “With its advanced flash storage technology and innovative business model, Pure Storage is seeking to transform businesses around the globe, by delivering speed, efficiency and cost savings to its customers. We congratulate the company on its public debut and look forward to many more milestones to come.”
Building upon four consecutive years of global leadership in capital raising, the NYSE continues to maintain its position as the venue of choice for technology IPOs in the U.S. since 2012. Year-to-date, NYSE IPOs have raised over $14 billion in combined proceeds, which is 60% of all proceeds raised from qualifying U.S. IPOs. This total includes $2.7 billion in combined proceeds raised from tech IPOs, which represents 65% of all capital raised from tech IPOs.
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges - the New York Stock Exchange, NYSE MKT and NYSE Arca - trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally since 2012. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.
About Pure Storage:
Pure Storage (NYSE: PSTG) delivers data storage that transforms business through a dramatic increase in performance and reduction in complexity and costs. The company’s innovative technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. Pure Storage’s innovative business model replaces the traditional forklift upgrade cycle with an evergreen storage model of hardware and software upgrades and maintenance.
SOURCE: Intercontinental Exchange