Fusion-io IPO Prices Above Range, Says Source; Would Value NEA's Shares Above $490M
(Reuters) - Fusion-io (NYSE: FIO), which makes storage memory hardware and software for data centers, priced its initial public offering on Wednesday at $19 per share, above its previously announced range, according to a market source. The offering, which consisted of 12.3 million shares, raised $233.7 million. The company had earlier planned to sell shares for $16 to $18 apiece. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company's most recent S-1 filing. NEA's 25.93 million shares would be worth $493 million at $19 per share, while Lightspeed's 8.82 million shares would be worth
9 June 2011•2 mins read
