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Violin Memory: Filing for a $2 Billion IPO?

It's a fast-growing provider of flash memory systems


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.

Article printed from InvestorPlace Media,

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