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Doug Chu
9 Jun, 2011 | 01:59 PM
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Fusion-io, the maker of a next generation storage memory platform, began trading Thursday morning on the New York Stock Exchange under the ticker “FIO”. The stock priced on Wednesday night at $19.00, 12% above the midpoint of the increased filed range of $16.00 to $18.00, which itself was already a 21% increase from the initial range of $13.00 to $15.00. The company’s stock opened strongly at $25.00, a 32% premium to the IPO price. This came in spite of coming on the heels of 6 day losing streak in the markets. ...