Deals
Violin Memory Said to File IPO Seeking Valuation Near $2 Billion
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Violin Memory Inc., a maker of flash memory for data centers, filed to go public last month under the Jumpstart Our Business Startups Act, said two people familiar with the matter.
The deal is being led by JPMorgan Chase & Co., Deutsche Bank AG and Bank of America Corp., said the people, who declined to be named because the prospectus hasn’t been disclosed to the public. While the timing and price of the offering have yet to be determined, the valuation being discussed has approached $2 billion, they said yesterday.