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June 9, 2011 06:09 pm GMT
As we heard yesterday, Fusion-io, the developer of flash- memory technology for companies, upped the opening price of its IPO to $19 per share, valuing the company at $1.5 billion. Earlier in the week, the company upped the range f its offering to $16 to $18 per share from $13 to $15 per share. And this morning, company's shares, which are trading on the New York Stock Exchange under the symbol "FIO," opening at $25 per share (up 32 percent), which gives Fusion-io a $1.9 billion valuation with 77,809,084 shares outstanding at the time of offering.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5UJdH3wVW3U/
Fusion-io Opens At $25 Per Share With A $1.9 Billion Market Cap
As we heard yesterday, Fusion-io, the developer of flash- memory technology for companies, upped the opening price of its IPO to $19 per share, valuing the company at $1.5 billion. Earlier in the week, the company upped the range f its offering to $16 to $18 per share from $13 to $15 per share. And this morning, company's shares, which are trading on the New York Stock Exchange under the symbol "FIO," opening at $25 per share (up 32 percent), which gives Fusion-io a $1.9 billion valuation with 77,809,084 shares outstanding at the time of offering.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5UJdH3wVW3U/
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