Dave Raffo at SearchStorage.com is reporting that BlueArc will hold off on its IPO until sometime in 2008. The NAS vendor filed for its public offering back on September 7.
According to Raffo:
A financial analyst who follows storage said investors “are doing more due diligences on IPOs now,” and said it could hurt BlueArc that the stock prices of storage systems companies Isilon and Compellent have dropped drastically since their recent IPOs. The analyst said BlueArc might want to show another quarter of solid growth to help its case.
Read the full blog entry here.