Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Markets

How Pure Storage Investors and Executives Are Coming Out Ahead

Few people will remember Pure Storage’s public market debut as a happy occasion. The stock ended up below its initial public offering price, putting a value on the company below its last fundraising round, although it has rallied a bit since.

But even at Pure Storage’s lowest point last week, most of the investors including some mutual funds such as T. Rowe Price who bought into the company before it went public were sitting on very healthy returns, regulatory filings reveal. Also doing well were senior executives such as CEO Scott Dietzen who got low-priced options. Only those investors that bought in exclusively during the final private fundraising last year—the company had six rounds before it went public—missed out on a big gain.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Startups Entertainment

Why Tencent-Backed Gaming Chat App Is Taking On Steam

By Tom Dotan

Crypto Venture Capital

The People With Power at Coinbase

By Jon Victor

Venture Capital Markets

These Tech Firms Destroyed Value the Fastest

By Alfred Lee

Cities Startups Uber/Lyft

Lime Leapfrogs Bird in Scooter Race, at a Cost

By Cory Weinberg and Amir Efrati

Pure Storage’s IPO highlights how mutual funds are benefiting by investing earlier in the life cycle of tech companies, during private fundraisings.