Nimble Storage prices IPO at $21, shares begin trading today

|About: Nimble Storage, Inc. (NMBL)|By:, SA News Editor

From all indications, Nimble Storage's (NMBL) IPO will avoid the fate seen by rival Violin Memory's offering. The maker of hybrid flash/hard drive storage systems has priced its IPO at $21, above an elevated range of $18-$20. Shares are set to begin trading today.

Nimble raised $168M by selling 8M shares, and has an IPO valuation of $1.48B. That gives the company a market cap well above the ones possessed by Violin ($211M) and Fusion-io ($908M).

S-1, IPO preview, FY14 performance