Tuesday, June 7, 2011

Fusion-io Set To For IPO Debut Thursday

Salt Lake City-based Fusion-io, the developer of flash-based, data storage devices, is set to have its IPO Thursday on the NYSE. The firm has applied to list as FIO. Fusion-io is venture backed by Accel Partners, Andreessen Horowitz Fund, Dell Ventures, Lightspeed Ventures, Meritech Capital, New Enterprise Associates, Samsung, Sumitomo, and Triangle Peak Partners. The firm set its pricing range on May 23rd, saying it expects its IPO to price at between $13.00 and $15.00 a share. If successful, the IPO will be the first for a Utah technology firm since Ancestry.com debuted on the market in November of 2009.