Data storage specialist Fusion-io’s recent success in the market has excited investors about the future of flash storage services for enterprises.
Fusion-io will be listed from the coming Thursday on the New York Stock Exchange under the symbol FIO, a move that it hopes will raise $185 million in capital. Originally, Fusion-io had intended to start selling its shares at $13 - $15 each, but the excitement around the stock has caused the company to raise its initial asking price to the $16 - $18 range, MarketWatch reports.
As market observers claimed, this recent success of Fusion-io was not limited to the company; rather the entire flash storage industry has been growing recently. Other flash storage companies have also garnered positive responses from investors.
Violin Memory, a growing flash array maker managed to pocket a Series C round of almost $40 million in funding from strategic public market investors, after raising $35 million in Series B funding in February. Violin Memory now has a total market valuation of $440 million.
The rise of data intensive enterprise-class applications and corporate data centres shows no signs of abating, and investors have recently been very optimistic about the future of sectors related to data centre operations.