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Compellent Technologies Plans an Initial Public Offering
EDEN PRAIRIE, Minn.--Compellent Technologies, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Morgan Stanley & Co. Incorporated will act as sole book-running manager, with Needham & Company, LLC, Piper Jaffray & Co., RBC Capital Markets and Thomas Weisel Partners LLC acting as co-managers of the offering. The number of shares to be offered and the price range for the offering have not been determined. The initial public offering is expected to take place in the third quarter of 2007.
The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649 or via email at prospectus@morganstanley.com.
A registration statement relating to the shares of Compellent common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The shares of Compellent common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 the shares of Compellent common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Compellent
Compellent is a leading provider of enterprise-class network storage solutions that are highly scalable, feature-rich and designed to be easy to use and cost effective.
Contacts
Compellent Technologies, Inc.
Media Contact:
Liem Nguyen, 952-294-2851
lnguyen@compellent.com
or
Investor Contact:
Jack Judd, 952-294-3316
jjudd@compellent.com
The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649 or via email at prospectus@morganstanley.com.
A registration statement relating to the shares of Compellent common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The shares of Compellent common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 the shares of Compellent common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Compellent
Compellent is a leading provider of enterprise-class network storage solutions that are highly scalable, feature-rich and designed to be easy to use and cost effective.
Contacts
Compellent Technologies, Inc.
Media Contact:
Liem Nguyen, 952-294-2851
lnguyen@compellent.com
or
Investor Contact:
Jack Judd, 952-294-3316
jjudd@compellent.com
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