What is the business of Nexsan?
Nexsan is in the business of providing business solutions for enterprise storage arrays. Nexsan develops storage arrays that use serial ATA (SATA) disk drive and RAID technology, for iSCSI and Fibre Channel storage area networks.
How much capital will be raised by Nexsan IPO?
Nexsan IPO is expected to raise capital in the range of around 81 million dollar.
Where will Nexsan IPO shares be listed post IPO?
Nexsan IPO shares will be listed on NASDAQ stock exchange under the symbol “NXSN”.
Who are the underwriters of the Nexsan issue?
The IPO is being underwritten by Thomas Weisel Partners, Lazard Capital market, Needham & Company, and Morgan Keegan & Company.
What are the financial results and business valuations of Nexsan?
As per the news, Nexsan reported that it had a loss of $3.0M on revenues of almost $49.8M in its fiscal 2007. The firm is venture backed by VantagePoint Venture Partners, RRE, Gen-e Servicos de Consultoria SA, and others.
| Verso Paper plans to offer shares with the NASDAQ Stock Exchange under the symbol “NXSN”. Let’s see how this IPO performs in the markets once it opens up for subscription. | Table of Contents |
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