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
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

Quick Links
Real Estate
Luxury Travel
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
Current News & Features
Gucci's First Full-Service Restaurant Quietly Opens Above Boutique in Shanghai Mall
Secure One of Cobalt's First Ultra Private Jet With a $15k Deposit
Star-Studded Los Cabos Film Festival Combines Film and Adventure in 4th Year
Bring Out Your Inner Child With This Miniature Remote-Controlled Lexus RC F Sport Coupe
Add This Black Quinoa-Stuffed Acorn Squash Dish to Your Repertoire
Dazzle Holiday Guests With the World’s Most Glamorous $947k Christmas Tree Star
Thought the Tesla Model S Was Cool Before? Check Out Vilner's Customized Version
Range Rover Unveils World's First SUV Convertible With New $50k Evoque Model
Holiday Baking Championship Contestant Maeve Rochford Gives Us the Scoop On What TV Competitions Are Really Like
We Tossed the FUGOO Style XL Wireless Speaker in the Pool & It Lived to Tell the Tale
See the complete list
Featured Photo Gallery
See the complete list