CyrusOne – CONE – Announces Pricing of Initial Public Offering
NASDAQ:CONE) has priced its previously announced initial public offering of 16,500,000 shares of common stock at a price to the public of $19.00 per share.
The underwriters have been granted an option to purchase up to 2,475,000 additional shares of common stock from CyrusOne at the initial public offering price, less underwriting discounts and commissions. CyrusOne’s common stock has been approved for listing on the NASDAQ Global Select Market under the symbol “CONE,” subject to official notice of issuance.
Morgan Stanley, BofA Merrill Lynch, Deutsche Bank Securities and Barclays are acting as joint-bookrunners for the offering. Citigroup, KeyBanc Capital Markets, RBS and UBS Investment Bank are acting as co-managers.
About CyrusOne – CONE
CyrusOne Inc. (CONE) specializes in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 500 customers, including more than nine of the Fortune 20 and over 100 of the Fortune 1000 companies.
CONE’s data center offerings provide the flexibility, reliability and security that enterprise customers require and are delivered through a tailored, customer service-focused platform designed to foster long-term relationships. CyrusOne is committed to full transparency in communication, management and service delivery throughout its 24 data centers worldwide.
CyrusOne is a global enterprise data center provider dedicated to increasing the availability and efficiency of our customer’s mission-critical business applications and safeguarding their data in our highly secure data centers.
CyrusOne’s business is comprised of the over 24 enterprise data center facilities in North America, Europe, and Asia. At the start, Cincinnati Bell operated its data centers for over 10 years and then in late 2007 it acquired GramTel Inc., a data center operator in South Bend, Indiana and Chicago, Illinois
As of March 2012, CONE’s property portfolio included 24 data centers in eight distinct markets (Austin, Chicago, Cincinnati, Dallas, Houston, London, South Bend, and Singapore), collectively providing approximately 1,480,000 net rentable square feet (NRSF) and powered by approximately 105 megawatts, or MW, of utility power.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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