Hosting and Data Center Company CyrusOne Files for $300 Million IPO
Managed web hosting and data center services company CyrusOne filed this week for an initial public offering, through which it intends to raise up to $300 million, and reposition itself as a real estate investment trust, according to reports from Wednesday morning. CyrusOne’s parent company Cincinnati Bell said earlier this year, in May, that it was planning the potential IPO, and looking at options for restructuring its hosting and data center property, including structuring it as a REIT. Cincinnati Bell acquired CyrusOne from hosting and data center investment firm ABRY Partners for $525 million in May of 2010.
Login to comment.