Tintri (TNTR) Announces June 29th IPO

Tintri (TNTR) expects to raise $100 million in an initial public offering on Thursday, June 29th, IPO Scoop reports. The company will be issuing 8,700,000 shares at a price of $10.50-$12.50 per share.

In the last twelve months, Tintri generated $132.6 million in revenue and had a net loss of $112.3 million. The company has a market cap of $357 million.

Morgan Stanley, BofAMerrill Lynch and Pacific Crest Securities (a division of KeyBanc Capital Markets) served as the underwriters for the IPO and Needham, Piper Jaffray, Raymond James and William Blair were co-managers.

Tintri provided the following description of their company for its IPO: “Our mission is to provide large organizations and cloud service providers with an enterprise cloud platform that offers public cloud capabilities inside their own data centers and that can also connect to public cloud services. Our highly-differentiated and extensible enterprise cloud platform combines cloud management software, web services and a range of all-flash storage systems. Our enterprise cloud platform not only delivers many of the benefits of public cloud infrastructure, but also gives organizations the control and functionality they need to run both enterprise and cloud-native applications in their own private cloud. “.

Tintri was founded in 2008 and has 561 employees. The company is located at 303 Ravendale Drive, Mountain View, CA 94043, US and can be reached via phone at (650) 810-8200 or on the web at http://www.tintri.com.

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