Home Wealth  Money Fusion-io Trades Lower on Follow-On Offering

Fusion-io Trades Lower on Follow-On Offering

Posted: Nov. 23rd, 2011  |  By Forbes

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Data storage platform company Fusion-io () is seeing its shares decline today, with heavier than usual volume, after it priced a follow-on public offering.

The company said late yesterday it had price an offering of 8.84 million shares of common stock at $33 per share.

3 million of the shares are being offered by Fusion-io, while the remainder are being offer by selling stockholders.

Fusion-io will not receive any proceeds from shares sold by stockholders.

Underwriters have been granted the option to purchase an additional 1.3 million shares from the stockholders.

Market News Video produces and distributes online videos about stocks and investing.




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