Fusion-io has the advantage of a couple of big names associated with it — chief technology officer Steve Wozniak (am I old enough that I have to explain his connection with Apple?) and Facebook, which uses the company’s storage devices. Another couple of big names that helped were LinkedIn and Zynga, not because they use the company’s products but by having successful IPOs in the computer industry in the past few weeks that paved the way.

Like LinkedIn, Fusion-io raised the planned price of its IPO the day before it went public, to $16 to $18 per share after originally suggesting it would be priced at $13 to $15 — and then actually priced it at $19, raising $233.7 million and giving the company a valuation of $1.8 billion, according to Investor’s Business Daily.

The Debbie Downers at the Wall Street Journal, however, pointed out a number of issues with Fusion-io:

• It doesn’t expect it to maintain its growth
• It’s never made a profit for an entire year at a time
• The nine-month period ending March 31 showed a slender profit of $35,000
• 10 of its clients account for 91% of its revenue
• Facebook alone accounts for 47% of its revenue
• Oh, and by the way, that was going to decrease