Reuters: Regulatory News: Cincinnati Bell unit CyrusOne sees IPO priced at $16-$18/shr

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Cincinnati Bell unit CyrusOne sees IPO priced at $16-$18/shr Jan 8th 2013, 13:11 Tue Jan 8, 2013 8:11am EST Jan 8 (Reuters) - CyrusOne Inc, owned by telecom services company Cincinnati Bell Inc, said it expects its initial public offering of 16.5 million shares to be priced between $16 and $18 each. CyrusOne now expects the IPO, including the underwriters option, to raise upto $341.6 million. () The data center operator had initially filed with the U.S. Securities and Exchange Commission to raise up to $300 million and said it intends to structure itself as a real estate investment trust. CyrusOne, which contributes close to 15 percent of Cincinnati Bell's total revenue, has applied to list its common stock on the Nasdaq under the symbol "CONE." Upon completion of the offering, Cincinnati Bell will own about 71.6 percent of CyrusOne. Morgan Stanley and BofA Merrill Lynch are acting as joint-bookrunners for the offering.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions