November 15, 2007 20:01 ET

3PAR Announces Pricing of Initial Public Offering

FREMONT, CA--(Marketwire - November 15, 2007) - 3PAR®, the leading global provider of utility storage, announced today that its initial public offering of 7,500,000 shares of common stock has been priced at $14.00 per share. 3PAR's common stock will be listed on NYSE Arca under the trading symbol "PAR" and will begin trading Friday, November 16, 2007. All 7,500,000 shares are being offered exclusively by 3PAR. Net proceeds to the company are expected to be approximately $95 million.

3PAR has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares from 3PAR at the initial public offering price less the underwriting discount. Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC acted as joint book-running managers with UBS Investment Bank acting as co-lead manager. Thomas Weisel Partners LLC and RBC Capital Markets acted as co-managers for the offering.

A registration statement relating to these securities has been filed with, and has been declared effective by, the Securities and Exchange Commission. The offering of the common stock may be made only by means of a prospectus, copies of which may be obtained from the prospectus department of Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street New York, New York 10004, via email at, or via fax at (212)-902-9316; or from the prospectus department of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, via telephone at (800) 221-1037.

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.

About 3PAR

3PAR is the leading global provider of utility storage solutions for large to medium enterprises, business-oriented service providers, consumer-oriented Internet/Web 2.0 companies and government entities.

© 2007 3PAR Inc. All rights reserved. 3PAR, the 3PAR logo, Serving Information, InServ, InForm, and InSpire are all registered trademarks of 3PAR Inc. All other trademarks and registered trademarks are the property of their respective owners.

Contact Information

  • 3PAR U.S. Contact
    John D'Avolio
    Triggerfish Consulting for 3PAR
    Email Contact