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Investing

Fusion-io & Insiders Selling More Shares (FIO)

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By Jon C. Ogg Published

Fusion-io, Inc. (NYSE: FIO) has just filed to sell 8,843,739 shares in the secondary market after a fairly recent initial public offering.  The company itself is offering 3,000,000 shares of its common stock and the selling stockholders are offering 5,843,739 shares of common stock in this offering. Fusion-io will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders.

Underwriters as follows:
Goldman, Sachs & Co.   
Morgan Stanley   
J.P. Morgan   
Credit Suisse

The total shares after an overallotment could be up to 10,170,299 shares.  The company just came public in June.

UPDATED: Shares were up 4% and now the stock has dropped into the red for the day with just under 15 minutes before the closing bell.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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