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Data centralization company Fusion-io files for $150 million IPO

March 9, 2011
FIO

Fusion-io, Inc., which operates a purpose-built storage memory platform for data centralization, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering. The Salt Lake City, UT-based company, which was founded in 2005 and booked $83 million in sales last year, plans to list on the NYSE under the symbol FIO. Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan and Credit Suisse are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.