Top News

Fusion-io Surges In Debut



Salt Lake City-based Fusion-io, the developer of solid state disk drives (SSD), surged in its IPO this morning, soaring as high as $29.65 a share, after pricing at $19.00 per share last night. The firm, whose flash-based memory devices are used in enterprise computing, debuted on the NYSE as FIO. The robust response to the firm's IPO came even after it priced above a $16.00 to $18.00 offering range, itself bumped from earlier this month. The firm raised $233.7M in the offering, providing huge returns for the firm's venture backers, Accel Partners, Andreessen Horowitz Fund, Dell Ventures, Lightspeed Ventures, Meritech Capital, New Enterprise Associates, Samsung, Sumitomo, and Triangle Peak Partners.


 

Marketplace

 

 

Latest Headlines

Browse Issues