Wednesday, November 9, 2011

Fusion-io Looks To Raise Another $100M In Follow-On

Salt Lake City-based Fusion-io, the developer of solid state disk drives, said today in a filing with the SEC that it is looking to offer approximately $100M more in common stock. In addition, the firm said that its existing shareholders are looking to sell an additional $250M, for a total of $350M in the offering. The secondary offering is being headed by Goldman, Sachs & Co, Morgan Stanely & Co, as well as J.P. Morgan Securities LLC and Credit Suisse Securities LLC. The follow on comes six months after Fusion-io debuted on the NYSE as FIO.