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Storage vendors are hoping to cash in on the recent public outing made by
VMWare on the stock market.
Earlier this month the virtualisation giant, owned by EMC, went for an initial
public offering (IPO). On the first day of trading it gave the firm a market cap
of about $19bn (£9.6bn).
Utility storage vendor 3Par has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed IPO. The vendor, which recently united with Network Appliance to challenge EMC, is looking to raise about $100m. The number of shares to be offered and the price range for the offering have not been determined.
Also, iSCSI vendor EqualLogic, announced it has issued a statement to the SEC
regarding its IPO.
Hamish MacArthur, chief executive of analyst firm MacArthur Stroud
International, said the storage market is a beacon for the technology industry.
“A large number of players are looking to maximise their equity value for their
investors,” he said. “The issue is how the market will perform and whether or
not it remains stable.”
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