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By | Chris Mellor 29th September 2015 03:29

Red alert: Pure Storage IPO could maybe hit as early as next week

Keep your eyes peeled; it could be as soon as next week

A well-informed storage industry source with close ties to startups suggests that Pure's IPO could happen as early as next week – yes, the one beginning Monday, October 5.

We expected it to be delayed to mid-2016 to allow Pure to get better quarter-on-quarter growth numbers. But our insider said companies these days don't file S1 documents with the US financial watchdog until right before they debut on the stock market.

Nimble Storage ran its IPO on December 14, 2013, having added pricing information to its S1 form on December 4, ten days earlier. However, it filed its original S1 way back in October 2013.

Box filed its S1 with pricing info in early January 2015, having filed the price-free S1 in March 2014. It ran its IPO on January 23, 2015.

Going by these two examples, filing the amended S1 with pricing info is followed pretty closely by the IPO itself.

We also suggested that a $3.1bn valuation implied a 6.6x return for Pure's investors. Not necessarily so, says our man in Silicon Valley.

We shouldn't calculate investment return by looking at the total company valuation, as part of the biz will be held by employees and management, and not entirely by investors. The individual investor returns will vary depending on when they plowed in their dough – the more you know, huh? ®

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