Well, this isn't completely unexpected. Fusion-io
, a company that has
been on a rapid growth pattern for years now in the flash storage
market, has just reached the end of their term as a privately held
company. Or, they will soon. Today, the outfit announced that it has
filed a registration statement on Form S-1 with the U.S. Securities and
Exchange Commission (SEC) for a proposed initial public offering of
shares of its common stock. This is the same company for which Steve
Wozniak (Apple's co-founder) is acting in an advisory role has just
issued their intentions to go public, and that could mean very big
As of now, there has been no decision made as to the quantity of shares,
nor the price at which they'll be offered. But either way, this is a
huge step for Fusion-io. Those who were fans of their innovation have to
be concerned about the pull and lobbying of future shareholders, but
hopefully that start-up spirit will remain in tact. We really hope this
allows Fusion-io to reach a scale where they can charge more reasonable
prices for their products, potentially getting them into the hands of
more consumers versus just corporations and enterprises. We'll have to
wait and see, but in our opinion, this is awesome news. Innovation in
the flash market is badly needed, and based on prior experience
their products, they have what it takes to really shake things up.
Fusion-io Files Registration Statement for Initial Public Offering
Salt Lake City, Utah – March 9, 2011 – Fusion-io, Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are acting as lead active joint book-runners for the proposed offering, and J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as passive joint book-runners.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from the offices of Goldman, Sachs & Co.,Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing firstname.lastname@example.org, or Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by phone at 866-718-1649, or by email at email@example.com.
A registration statement relating to the securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.