VC-backed Violin Memory debuts IPO

Violin Memory has priced its IPO of 18,000,000 shares at $9 per share for a value of $162 million. The stock started trading Friday on the New York Stock Exchange under the ticker symbol "VNEM." J.P. Morgan, Deutsche Bank Securities, EM Securities and BofA Merrill Lynch are underwriting the IPO, with Barclays serving as a joint book-running manager. Baird and Pacific Crest Securities are also co-managers. Based in Mountain View, Calif., Violin Memory, which is backed by SAP Ventures, Highland Capital Partners, Toshiba and Juniper Networks, is a provider of memory-based storage solutions.

DealsNorth AmericaUSBriefs