Fusion-io, an enterprise storage company formerly known as Fusion Multisystems, plans to raise $150m by floating on the Nasdaq stock exchange.
Investment banks Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse are underwriting Fusion-io’s initial public offering, according to its regulatory filing.
Fusion-io raised $45m in its series C round in April last year from venture capital firms Meritech Capital Partners, Accel Partners, Andreessen Horowitz, New Enterprise Associates (NEA) and Triangle Peak Partners.
Its $47.5m B round in April 2009 included Dell Ventures and Sumitomo Ventures, two corporate venturing units, as well as Lightspeed and NEA, which are the only two financial investors with more than 5% of Fusion-io.
Samsung, a South Korean conglomerate, was also reported as having taken a strategic stake in the company.