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
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
Take a Yacht Break and Row Out in These Beautiful Handcrafted Guideboats
Is This Sprawling $33M Hawaiian Estate the Most Expensive Big Island Has Seen?
Can't Play an Instrument? Not a Problem With the "World's Most Luxurious Piano"
Diane Kruger Joins Martell House as Brand Ambassador, Seeks Out 300 Talented People to Honor
NetJets Slashes China-Based Membership Costs More Than Fifty Percent
MINI Reveals Augmented Reality Eyewear with X-Ray Tech
Miami Beach's Boutique Louver House is Almost Half Sold Out Already
Chef Sylvain Desbois Shares Hearty Duck Confit Recipe From St. Regis Mexico City
Meet Scandinavian-Designed Vifa, Our New Favorite Source for Wireless Tunes
Five S. Pellegrino Young Chef Judges On How to Break Into the Industry in Round Table Video
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE