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 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
$475K Concept One "Curve" is the World's First SUV With 48" 4K TV Inside
2017 Ford GT Surprises at the Detroit Auto Show
This Super Soft Sheepskin Bean Bag Chair is a Throwback Piece You'll Actually Want
Love New Music? Rising Aussie Artist Josef Salvat Needs To Be on Your 2015 Playlist
The Icon Selazzio 95 Sea Palace is the Perfect Floating Mansion
Plug Yourself Into Mycoocoon For a Full Blown Sensory Recharge
Time to Try Thomas Keller's Purée of Sweet Carrot Soup Recipe
The 92M X-BALLET Brings Relaxed Beach House Living to the Open Sea
Here's What the Oscar Nominations Got Right And What They Got So Terribly Wrong
Jewelry Designer Turns Her Sights to 24K Gold Grecian-Inspired Bone China Dinnerware
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE