Fusion-io Prices IPO at $19 per Share
Valuing company at about $1.5 billion
This is a Press Release edited by StorageNewsletter.com on June 9, 2011 at 3:16 pmFusion-io announced the pricing of its initial public offering of 12,300,000 shares of common stock at a price to the public of $19.00 per share.
The shares will begin trading on the New York Stock Exchange under the ticker symbol ‘FIO’ on Thursday, June 9, 2011. A total of 10,755,607 shares are being offered by Fusion-io, and a total of 1,544,393 shares are being offered by selling stockholders. In addition, the underwriters have an option to purchase up to an additional 1,845,000 shares from Fusion-io on the same terms and conditions. Fusion-io will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead active joint book-runners for the proposed offering, and J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLCare acting as passive joint book-runners.
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