Press Releases
3PAR Files Registration Statement for an Initial Public Offering
FREMONT, CA, August 14, 2007
3PAR®, the leading global provider of utility storage solutions, today announced it filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC will act as joint book-running managers with UBS Investment Bank acting as co-lead manager. Thomas Weisel Partners LLC and RBC Capital Markets will act as co-managers. The number of shares to be offered and the price range for the offering have not been determined.
A registration statement relating to the shares of 3PAR common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The shares of 3PAR common stock may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus related to the offering can be obtained from:
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Goldman, Sachs & Co. |
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Credit Suisse Securities (USA) LLC |
About 3PAR
3PAR® (NYSE: PAR) is the leading global provider of utility storage, a category of highly virtualized, tightly clustered, and dynamically tiered storage arrays built for utility computing. Organizations use utility computing to build cost-effective virtualized IT infrastructures for flexible workload consolidation. 3PAR Utility Storage gives customers an alternative to traditional arrays by delivering resilient infrastructure with increased agility at a lower total cost to meet their rapidly changing business needs. As a pioneer of thin provisioning — a green technology developed to address storage underutilization and inefficiencies — 3PAR offers products designed to minimize power consumption and promote environmental responsibility. With 3PAR, customers have reduced the costs of allocated storage capacity, administration, and SAN infrastructure while increasing adaptability and resiliency. 3PAR Utility Storage is built to meet the demands of open systems consolidation, integrated data lifecycle management, and performance-intensive applications. For more information, visit the 3PAR Website at: www.3PAR.com.
