Fusion-io Planning $150 Million IPO

Fusion-io is a company that makes storage software for enterprise servers. The company plans to raise $150 million in an IPO of common stock. Apple co-founder Steve Wozniak is the chief scientist of Fusion-io. One of Fusion-io’s OEM partners include HP, IBM, and Dell. Goldman Sachs, Morgan Stanley, JP Morgan, and Credit Suisse are underwriting the IPO. The filing did now specify how many shares Fusion-io was planning on selling or the expected price. Fusion-io intends on listing the common stock on the NYSE under the symbol “FIO.” [Reuters]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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