Wednesday, March 9, 2011

Fusion-io Files For IPO

Salt Lake City-based Fusion-io, the developer of solid state disk drives, has filed for an IPO, saying today that it is looking to raise up to $150M on the public markets. The firm's IPO is being underwritten by Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan, and Credit Suisse. The firm reported a net loss of $31.7M on revenues of $36.2M for the year ended June 30, 2010, and a net loss of $8.2M on revenues of $58.264M for the six months ended December 31, 2010. Fusion-io is backed by Accel Partners, Andreessen Horowitz Fund, Dell Ventures, Lightspeed Ventures, Meritech Capital, New Enterprise Associates, Samsung, Sumitomo, and Triangle Peak Partners.