March 18, 2010 / 9:06 PM / 9 years ago

UPDATE 1-The Telx Group files for IPO up to $100 million

* Files for IPO up to $100 mln

* Expected to trade on Nasdaq under symbol “TELX”

NEW YORK, March 18 (Reuters) - The Telx Group Inc TELX.O filed on Thursday for an initial public offering up to $100 million.

New York-based Telx operates 15 data centers in major U.S. cities. It said in a regulatory filing it has 763 customers, including AT&T Inc (T.N), Hewlett-Packard Co (HPQ.N), Yahoo Inc YHOO.O and

Telx grew its revenue more than 40 percent to $98.3 million in 2009 and narrowed its losses more than 68 percent to $9.9 million.

The company did not specify how many shares it hopes to sell or the expected price range.

Goldman, Sachs & Co and Deutsche Bank Securities are leading the underwriters. The company is expected to trade on the Nasdaq under the symbol “TELX.” (Reporting by Clare Baldwin; editing by Andre Grenon)

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