From Reuters comes the news that the Double-Take IPO raised $82.5 million with shares priced at $11, the top of the estimated range.
Also from Reuters we hear that Isilon's IPO was even more successful: It raised $106.8 million with shares priced at $13, above the estimated $12 top price.
Isilon is now valued at $786 million, Double-Take at around $226 million.
Isilon's confidence in its product and company will be sky-high and Double-Take's backers will be well pleased with CEO Dean Gootermote. Will he now stay or will he go?
This kind of investor confidence in new (well, almost new in Double-Take's case) technology storage stocks is inspiring. Acopia and other hot clustered NAS companies will be maybe re-evaluating their assumptions now.
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