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
The iPad Air 2 Has Been Refined With Carbon Fiber, Leather & Macassar Wood
Russian Billionaire Andrey Melnichenko is Getting Ready to Launch the World’s Largest Sailing Yacht
$38M 520 Park Avenue is All Set to Become Tallest Tower in the Upper East Side
We Don't Recommend Trying to Steal the Miniature Chest Safe by Döttling
Christie's Expects to Get Over $100M for Defining Modigliani Nude
The $2,600 Twisted Wine Carafe That Even Hannibal Lecter Would Love
VIDEO: Flexjet Promises the Same Dedicated Crew For Every Red Label Aircraft
Rolls-Royce Gets Sporty With Customized Rugby-Inspired Wraith
Can Scott Eastwood's First Western Movie Diablo Be As Good As It Wants to Be?
$50M Housing Development Confirmed for Hong Kong's Esteemed Mount Nicholson
See the complete list
Featured Photo Gallery
See the complete list