Compellent Prices Above Range

Compellent Technologies Inc., an Eden Prairie, Minn.-based provider of data storage and data management solutions, raised $81 million in its IPO. The company priced six million common shares at $13.50 per share ($10-$12 range), for an initial market cap of $400 million. Compellent will trade on the NYSE Arca under ticker symbol CML, while Morgan Stanley served as lead underwriter. The company had raised around $53 million in total VC funding since 2002, from firms like El Dorado Ventures (21.4% pre-IPO stake), Crescendo Ventures (21.4%), Cargill Ventures (10.9%), Centennial Ventures (10.3%), Affinity Capital (6.6%) and Nomura International (5.5%).