Fusion-io, the company that makes flash memory chips that big companies including Facebook and Apple use in their datacenters, has priced its IPO above-range at $19 a range, or a $1.5 billion IPO valuation, AllThingsD reports.Not only that, but brokers seem to be getting orders well above that, so it looks like it’s going to be a roarer.
When Fusion-io set its range, there were concerns about how much of its revenue depends on a small number of clients. Fusion-io makes flash memory for datacenters, which is faster and less power-hungry than hard drives (but more expensive).
Oh, and the company’s Chief Scientist is Apple co-founder Steve Wozniak.
Get ready for a huge pop, and probably a roller-coaster.
Don’t Miss: The 11 Huge Tech IPOs Coming This Year →
Business Insider Emails & Alerts
Site highlights each day to your inbox.