Fusion-io, Inc., which operates a purpose-built storage memory platform for data centers, announced terms for its IPO on Monday. The Salt Lake City, UT-based company plans to raise $172 million by offering 12 million shares at a price range of $13 to $15. At the mid-point of the proposed range, Fusion-io will command a market value of $1.4 billion. Fusion-io, which was founded in 2005 and booked $136 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol FIO. Goldman, Sachs & Co., Morgan Stanley, and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of June 6.
