Isilon goes public at nearly $800M market cap
Last night saw the pricing of the Isilon IPO at $13 per share, also per Reuters. The company initially filed a rangebefore the roadshow, of $8.50 to $9.50 and refiled on Tuesday a new range of $11 to $12. Based on a strong oversubscription with many high quality buyers, we went to the lucky $13 price. The IPO will raise $108 to $117 million in cash for the company depending on how much of the green shoe is sold. Atlas Venture’s share will be worth $191 million at the IPO price; we are the largest shareholder. The market will decide today where we go from here when ISLN starts trading.
I wrote about Isilon before, which provides clustered storage systems designed for rich-media. The best arms merchant to the digital revolution !