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3PAR, EqualLogic Lock Onto IPOs

Thin provisioning specialist 3PAR and iSCSI vendor EqualLogic are the latest storage players setting off down the public path, with both firms filing for IPOs in the last few days.

3PAR, which filed its S-1 with the Securities and Exchange Commission (SEC) yesterday, is looking to raise $100 million with its IPO. (See 3PAR Files Registration Statement.) EqualLogic, which submitted its S-1 late last week, is eyeing an offering worth $125 million.

Despite a somewhat uncertain economic climate, technology firms are falling over themselves to go public at the moment, as exemplified by VMware's headline-grabbing IPO yesterday. (See EqualLogic Adds Enhancements, , EqualLogic Supports Oracle 11g, and Riverbed, EqualLogic Team.)

Although unlikely to surge past the billion-dollar mark like VMware, 3PAR's move nonetheless underlines the storage sector's current obsession with public offerings. (See VMware IPO: A Storage Celebration, VMware Vaults on IPO, ONStor Secures $27M, Eyes IPO, and Storage Funding Finds Its Feet.)

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