Totally missed the big picture on this
In the last funding round, VC's valued Nutanix at $2 Billion. With this IPO, the price is based on a valuation of $1.8 Billion.
This IPO is the equivalent of a down round. Bad for investors (especially the new ones that are taking a big hit) and bad for employees with stock options.
Secondly, this IPO is set to raise ~$200 million. Lets not forget that Nutanix took out a loan of $75 million from Goldman earlier (to avoid a down round) which has to be repaid FIRST. With this IPO, they will barely be able to fund operations for the next year since they are reporting loses of $168.5 Million.
The math doesn't add up here. There is a reason why companies like Uber that took massive VC investments yet are holding out before going public. This is not a good climate to go IPO.
This IPO is a desperation move for Nutanix to survive.