Seagate Applies for Initial Public Offering
- Share via
Seagate Technology Holdings, the largest maker of computer disk drives by revenue, has filed to raise as much as $1 billion in an initial public stock offering.
Seagate, which has operations in Scotts Valley, Calif., and its investors will sell an undisclosed number of common shares at a price to be determined later, according to a filing with the Securities and Exchange Commission.
The investors include a group led by California venture capitalist Roger McNamee and Texas financier David Bonderman, who took Seagate private in November 2000.
Seagate’s offering comes at a time when spending on computers and technology has declined and demand for IPOs has dropped.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
