Nutanix, yesssss: Fist-pumping breaks out everywhere storage IPO wannabes are found

It's good, but not that good

I wish Nutanix well, but bankers who price an IPO at $16/share and find that the market puts them at $37 should have some serious explaining to do to the Board.

Think about what an IPO is supposed to do. You sell stock on the open market and in exchange for a tiny sliver of your company, you raise money to (hopefully) put back into the business, so that you can do even more and better things. So every share sold at a price below $37 represents money that Nutanix left on the table. If Nutanix offered ten million shares that's an average of $270 million dollars left on the table. That's greater than their entire revenue for fiscal 2015!