Fusion-IO, Inc. FIO shares are soaring today, compared to the broader equity markets, which are in free-fall mode.
At last check, Fusion-IO, the maker of flash drives used by Apple AAPL and Facebook, was up $1.50 to $24.00, a gain of 6.67% on just over 1 million shares.
The company went public to much fanfare yesterday, selling shares above the expected range, indicating strong demand. The company raised its initial range from $14-$15 per share to $16-$18 per share, and wound up pricing the IPO at $19 per share. Shares opened for trading at $25 per share, before settling near $23 in its first day of trading.
The Utah-based company counts Steve Wozniak among its employees. Wozniak is the Chief Scientist.
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