Deals
Fusion-Io Is Said to Hire Banks for Potential $100 Million IPO
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Fusion-io Inc., a startup that aims to replace hard drives with flash memory, hired Morgan Stanley and Goldman Sachs Group Inc. to handle its initial public offering, according to two people familiar with the matter.
The Salt Lake City-based company plans to raise about $100 million, said the people, who declined to be named because the talks are private. Fusion-io also has hired Wilson Sonsini Goodrich & Rosati as its legal adviser for the IPO, another person with knowledge of the matter said.