Cloud Storage Service Egnyte Hires Banks for IPO: Reuters

Egnyte hires JPMorgan Chase to lead preparations for an initial public offering in New York that could value the company at more than $3 billion, Reuters reports, citing unidentified people familiar with the matter.

• UBS is also one of the appointed underwriters, one of the people tells Reuters
• IPO could take place as early as this year
• Egnyte, JPMorgan and UBS declined to comment to Reuters

To contact the reporter on this story:
María Paula Mijares Torres in New York at mmijarestorr@bloomberg.net

To contact the editors responsible for this story:
Max Zimmerman at mzimmerman90@bloomberg.net

Alexander Pearson

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