Nutanix Inc. disclosed Monday initial terms for its initial public offering, in which the business cloud services company could raise as much as $209.3 million. A regulatory filing said the unicorn company–private startups valued at over $1 billion–is offering 14 million shares, or up to 16.1 million if the underwrites exercise all options to buy additional shares, at a per-share price between $11 to $13. With a possible 138.5 million shares outstanding if all options are exercised, an IPO pricing at the midpoint of the range would value the company at about $1.76 billion, less than the $2 billion valuation implied by the last funding round in August 2014, according to the Wall Street Journal.
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