Remember that Nutanix IPO? It's still on, and the company might start its roadshow next month, according to a report in Bloomberg Monday.
Citing "people familiar with the matter," Bloomberg added that the timing is uncertain and will depend on market conditions. The main thing to note is that the highly anticipated IPO, filed in December but postponed in February, isn't dead.
The deal is closely watched partly because of the dearth of tech IPOs going back into 2015. Bloomberg counts only four tech startups that have gone public in the United States this year. Business Insider counts six worldwide.
But Nutanix also draws attention for simply being a hot property. The company has been a serious player in hyperconverged infrastructure — data center systems that combine storage and computing.
An updated prospectus filed in May shows that the San Jose, California, startup is still growing but also still losing money. As of April 30, the end of the startup's third quarter, its accumulated deficit was $392 million, compared with $345.2 million three months earlier.
Nutanix's third-quarter revenues were $114.7 million, up from $64.5 million a year earlier. Revenues have grown sequentially in every quarter since October 2013, which is as far back as the prospectus' figures go.
The company had 3,111 end customers at the end of April, compared with 2,638 three months earlier and 1,412 a year earlier.
Founded in 2009, Nutanix has raised $312 million in five rounds, the last of which came in 2014. The company employed 1,798 as of April 30, compared with 1,180 in October.