NEW YORK--(BUSINESS WIRE)--Fusion-io, a pioneer of a next generation storage memory platform for shared data decentralization, opened for trading today on the New York Stock Exchange under the ticker symbol “FIO” after its successful initial public offering in which it raised a total of $233.7 million in gross proceeds. David A. Flynn, President and CEO, co-Founder and Chief Marketing Officer Rick White, & Stephen G. Wozniak, Fusion-io Chief Scientist and co-Founder of Apple Computer, Inc., joined by additional members of Fusion-io’s management team, celebrated the company’s first day of trading on the NYSE by ringing The Opening BellSM.
"As an innovator in providing a next generation storage memory platform for shared data decentralization, Fusion-io’s listing is a natural fit and complimentary to the world’s leading marketplace for technology-based companies,” said Scott R. Cutler, Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. “We congratulate Fusion-io on the successful completion of its IPO and look forward to a strong and beneficial partnership with the company and its shareholders.”
As of May 31, 2011, NYSE Euronext (NYX) led the U.S. market for Initial Public Offerings (IPOs) and new listings both in total capital raised as well as number of transactions for 2011, with $23.4 billion in IPO proceeds raised on the New York Stock Exchange through a total of 53 IPOS (including funds). Fusion-io joins a series of recent notable TMT listings including: Freescale Semiconductor (FSL); The Active Network (ACTV); LinkedIn (LNKD); Sequans Communications (SQNS), 3D Systems Corporation (DDD); Demand Media (DMD); NeoPhotonics (NPTN); IMAX (IMAX); Youku.com Inc. (YOKU); MagnaChip Semiconductor (MX) and Qihoo 360 Technology (QIHU), with more soon to list including SuccessFactors (SFSF) and Pandora (P).
About Fusion-io (NYSE: FIO)
Fusion-io has pioneered a next generation storage memory platform for shared data decentralization that significantly improves the processing capabilities within a datacenter by relocating process-critical, or "active", data from centralized storage to the server where it is being processed, a methodology referred to as data decentralization. Fusion’s integrated hardware and software solutions leverage non-volatile memory to significantly increase datacenter efficiency and offers enterprise grade performance, reliability, availability and manageability. Fusion’s data decentralization platform can transform legacy architectures into next generation datacenters and allows enterprises to consolidate or significantly reduce complex and expensive high performance storage, high performance networking and memory-rich servers. Fusion’s platform enables enterprises to increase the utilization, performance and efficiency of their datacenter resources and extract greater value from their information assets. (Source: Fusion-io)
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.
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