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

Fusion-io Trades Lower on Follow-On Offering

Posted: Nov. 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 can’t 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
Snag an Upper East Side Second Home at 155 East 79th Street
Infographic: A Look at the World's Most Expensive Foods
Aristocard Reinvents the Credit Card With An Uber-Exclusive Social Club
Massive $1.6M Titan Zeus TV Needs a Mansion to Fit In
Customizable Sunreef 156 ULTIMATE Marketed to the Young & Rich
Jaguar Land Rover Prepares to Release Intelligent Self-Learning Car to Learn Your Routine
Listen to 35 Classic & Exotic Cars Roar to Life in Nitto Tire’s Getting Started Video
Meet JIBO: “The World's First Family Robot" That Wants to Make Your Life Easier
20,000 Days on Earth Investigates Nick Cave's Psyche & Boldly Redefines the Music Documentary Genre
Hang Out With Han Solo & Chewbacca By Winning a Role in Star Wars: Episode VII
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE