The technology IPO rush continues this week as Fusion-IO, the developer of flash- memory technology for companies, increased the price of its IPO to $16 to $18 per share. The company had previously priced its shares at $13 to $15 per share, which valued the company at as much as $1.17 billion. The increase announced today puts Fusion-io’s total value at $1.4 billion.
Fusion-io’s enterprise flash-based drives help store data in smaller devices and is known for being an incredibly fast data storage solution. Facebook is a client of Fusion-io, which has raised $110 million from Meritech Capital Partners, Accel Partners, Andreessen Horowitz and Triangle Peak Partners, New Enterprise Associates and Lightspeed Venture Partners.
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