Tuesday, June 7, 2011
Fusion-io Bumps Anticipated IPO Range
Salt Lake City-based Fusion-io, which develops flash-based, solid state memory products, has bumped its IPO offering range, saying in a filing this morning that it now expects its offering of 12.3M shares of its common stock to price at between $16.00 and $18.00 per share. The range is significantly above an earlier estimate of $13.00 and $15.00 per share. Fusion-io is expected to price Wednesday evening, and start trading Thursday on the NYSE as FIO. Fusion-io is venture backed by Accel Partners, Andreessen Horowitz Fund, Dell Ventures, Lightspeed Ventures, Meritech Capital, New Enterprise Associates, Samsung, Sumitomo, and Triangle Peak Partners.