Fusion Io Off Highs

Fusion Io Inc FIO shares are off their highs of the session, after the flash storage drive maker went public today. Fusion Io, which counts Steve Wozniak among its employees, priced at $19, and opened for trading at $25 per share, indicating the strong interest in the company. The company counts Facebook and Apple AAPL among its largest customers, with Facebook accounting for nearly half of its revenue in the company's latest quarter. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC were the lead active joint book-runners for the offering, and J.P. Morgan Securities LLC and Credit Suisse Securities LLC were the passive joint book-runners. At last check, shares of Fusion Io were trading at $24.34, a gain of 28% from the IPO price.