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Pure Storage IPO Range Shows Little Change in Year-Old Value

  • Flash maker's offering puts value at up to $3.33 billion
  • California startup seeks to raise as much as $450 million
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Pure Storage Inc., the third-biggest seller of all-flash storage systems, is seeking a valuation in its initial public offering that almost matches what private investors said the company was worth 17 months ago.

The Mountain View, California-based company plans to offer 25 million shares of Class A stock for $16 to $18 apiece, as laid out in a regulatory filing Thursday. That would value the company at between $2.96 billion and $3.33 billion.