Isilon Systems Announces Initial Public Offering
SEATTLE, WA - December 15, 2006 - Isilon Systems, Inc. (Nasdaq: ISLN) today announced an initial public offering of 8,350,000 shares of its common stock at a price of $13 per share. Isilon and several of its stockholders have granted the underwriters a 30-day option to purchase up to 1,252,500 additional shares to cover over-allotments. Isilon's common stock will be listed on the Nasdaq Global Market under the symbol "ISLN" and will begin trading Friday, December 15, 2006.
Morgan Stanley & Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith, Inc. acted as joint book-running managers for the offering with Needham & Company, LLC and RBC Capital Markets Corporation serving as co-managers. A copy of the final prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, by telephone at 212 761 6775 or by e-mail at prospectus@morganstanley.com, or by contacting Merrill Lynch, Pierce, Fenner & Smith, Inc., 4 World Financial Center, North Tower, New York, New York 10080, by telephone at 212-449-1000.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
Contact:
Greg McAdoo
SEQUOIA CAPITAL
mcadoo@sequoiacap.com
