Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: New Constructs, LLC
$25.00
Provider: Jefferson Research
$20.00
Provider: Wright Reports
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Cincinnati Bell Inc Prices Initial Public Offering Of Common Stock


Thursday, 17 Jan 2013 09:19pm EST 

Cincinnati Bell Inc announced that CyrusOne Inc., its wholly owned subsidiary that owns and operates Cincinnati Bell's data center business, has priced the previously announced initial public offering of 16,500,000 shares of its common stock at a price to the public of $19.00 per share. All of the shares of common stock are being offered by CyrusOne. 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. Upon completion of this offering, Cincinnati Bell expects to effectively own approximately 72% of CyrusOne through its interests in the outstanding shares of common stock of CyrusOne and its interests in the common units of limited partnership interest of CyrusOne's operating partnership, CyrusOne LP, which are exchangeable into shares of common stock of CyrusOne. 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. 

Related Company News

Company Quote

3.92
0.01 +0.26%
2:53pm EDT