The Latest Tech IPO: Fusion-IO- Click here http://bit.ly/jw8ynv for full article

The Latest Tech IPO: Fusion-IO- Click here http://bit.ly/jw8ynv for full article 

Every day, technology companies are started in hopes of one day reaching an Initial Public Offering (IPO). Most of those companies never realize this dream, but a few have been getting a lot of attention lately. Fusion-IO is the latest in line to offer up shares to the public, and the company appears confident that the public will like what they see.

Fusion-IO is a flash-based storage drive company that specializes in storage on smaller devices. Flash memory is known for being faster than traditional storage media.

Fusion-IO has raised $110 million in funding, and initially priced their IPO in the $13 to $15 range. Today that price value range was moved up to $16 to $18. This puts the company's total valuation at $1.4 billion. For comparison, the recent LinkedIn IPO valued the company at $4.3 billion. After a few weeks on the market, that valuation has risen to over $7 billion. Facebook has its sights set on an IPO valuation near the $100 mark.Fusion-IO cannot claim that lofty price value range, but it can claim Facebook as one of its customers. In fact, Facebook accounts for around 50% of Fusion-IO's revenue.

Fusion-IO's IPO is set for this Thursday, June 16. In the past 9 months, the company's gross profits quadrupled to $65.7 million, catching the eye of investors everywhere. Investors will certainly want to keep an eye on the IPO Thursday, as Fusion-IO begins trading under the symbol FIO. LinkedIn rose from the $45 price value range to over $90 at one point during its first day of trading. Investors will certainly have similar hopes for the Fusion-IO stock price Thursday.

Technology stocks have been getting many headlines over the past few months for the valuations they are receiving by investors. Fusion-IO is the latest in that line of companies with a large valuation attached to its name. Investors will have to wait for Thursday to see how the IPO performs once it is released to the public. Many will certainly be hoping for a similar situation to LinkedIn, skyrocketing on its first day. Rise or fall, the wait ends for the public on Thursday June 9.