According to Bloomberg, it looks like Violin Memory has filed to go public. The valuation may be about $2 billion or so.
The Bloomberg report indicates that the company used the “confidential” provision of the JOBS Act. This allows a company to submit an S-1 directly to the Securities & Exchange Commission, without having to make it available on EDGAR (that is, until a couple weeks before the IPO).
Founded in 2005, Violin is a fast-growing provider of flash memory systems. Some of its customers include Oracle (NASDAQ:ORCL) and VMware (NYSE:VMW).
Interestingly enough, one of Violin’s rivals, Fusion-io (NYSE:FIO), pulled off a successful IPO a year ago. The shares are up about 60%.
Bloomberg says the underwriters on the Violin deal include JPMorgan Chase (NYSE:JPM), Deutsche Bank (NYSE:DB) and Bank of America (NYSE:BAC).
Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
Comments are currently unavailable. Please check back soon.