Fusion-io Raised $234 Million in Gross Proceeds

Fusion-io, Inc.
opened for trading on the New York Stock Exchange under the ticker
symbol FIO after its initial public offering in which it raised a total
of $233.7 million in gross proceeds.

fusionio_raised_234_million_ipo
David A. Flynn, President and CEO, co-Founder and Chief Marketing
Officer Rick White, & Stephen G. Wozniak, Fusion-io Chief Scientist
and co-Founder of Apple Computer, Inc., joined by additional members of
Fusion-io’s management team, celebrated the company’s first day of
trading on the NYSE by ringing The Opening BellSM. (Photo: Ben Hider/NYSE Euronext)

"As an innovator in providing a next generation storage memory
platform for shared data decentralization, Fusion-io’s listing is a
natural fit and complimentary to the world’s leading marketplace for
technology-based companies," said Scott R. Cutler, Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. "We
congratulate Fusion-io on the successful completion of its IPO and look
forward to a strong and beneficial partnership with the company and its
shareholders."

Comments

That's the only successful IPO of a company involved in storage this year with another one by Malaysian hard disk drive maker JCY International raising $208 million last February.

Hitachi GST, Nexsan and GlassHouse planned such an operation in 2011.

IPO in Storage Industry Before 2011
ipos_01

* in US$ millions
** became public via a merger with Network Peripherals
(Source: StorageNewsLetter)

Read also:
Fusion-io Files for Up to $150 Million IPO
Any chance?