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

Fusion-io Trades Lower on Follow-On Offering

Posted: Jul. 24th, 2012  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

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.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Black Caviar Company Becomes First to Offer Previously Illegal Russian Osetra to the U.S.
Landscape Designer Keith Williams Talks Million-Dollar Gardens & Shark Tanks That Double As Guest Houses
Need a Gift Idea? How About a Private Dinner in the Tower of London While Surrounded by 12,000 Diamonds?
What's Cooler Than a Bluetooth Speaker? One That Floats!
Epic Milkshakes and Fabulous Floats to Cool You Off During Summer Months
Richard Branson-Approved Luxury Bespoke Backgammon Boards For Game Night
Top 10 Most Expensive Celebrity Cars May Surprise You
Take Your Pictures to the Next Level With This Fancy Bent-Laminated Curly Mahogany Camera
Learn How to Cook Italian Campania-Style Cuisine at Quattro Passi's New Bespoke Cookery School
Executive Chef Milton Rebello Dishes On Culinary Tattoos, Cooking for Royalty, & Exciting Cooking Trends
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE