Friday, January 18, 2013

CyrusOne Debuts In IPO

Dallas-based CyrusOne debuted on the market this morning, after pricing its IPO last night, and jumped nearly 11% in early trading this morning. The datacenter operator priced 16.5M shares of its common stock at $19.00 per share last night, and was last trading around $21.00 per share, having traded as high as $22.10 in morning trading. The firm is trading on the NASDAQ Global Select Market as CONE. CyrusOne's IPO was underwritten by Morgan Stanley, BofA Merrill Lynch, Deutsche Bank Securities and Barclays, along with Citigroup, KeyBanc Capital Markets, RBS and UBS Investment Bank. CyrusOne is an operator of data center facilities; the firm has 24 data centers worldwide.