Fred Destin

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 !