Nutanix up 131% on first day of trading

By Katie Roof

Nutanix made its stock market debut with a bang. After pricing shares at $16, the enterprise data storage company saw 131 percent gains on its first day of trading.

With clients like Toyota and Best Buy, Nutanix aims to make it easier for businesses to manage their data centers. Its cloud offerings are making infrastructure “invisible, so the businesses can focus on applications and services,” CEO Dheeraj Pandey told TechCrunch.

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