CyrusOne Sets Price at $300M with IPO

(Ping! Zine Web Tech Magazine) – A common stock offering was initiated by colocation provider CyrusOne in coordination with its owner, ISP company Cincinnati Bell. The company announced the move in a press release on Wednesday.

CyrusOne operates a number of data centers in U.S. states including Texas, Illinois, Ohio and Phoenix. It also maintains one in Singapore.

According to a report from Data Center Knowledge, the requested IPO amount is set at $300 million. It’s a feat that, if accomplished, could help the company own more of its real estate properties surrounding its various data center sites.

The move shortly follows CyrusOne’s announcement that it would expand its Houston-based data center site to include an additional 120 square foot facility. The company also recently announced that former CoreLink VP of Marketing Scott Brueggeman would assume the spot of Chief Marketing Officer at the colocation company.