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Stock Market & Financial Investment News

News Breaks
January 18, 2013
11:00 EDTCONECyrusOne IPO opens for trading at $21.00
CyrusOne (CONE) priced 16.5M shares at $19.00. Morgan Stanley and BofA/Merrill acted as joint book running managers for the offering.
News For CONE From The Last 14 Days
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June 29, 2015
07:04 EDTCONECyrusOne says construction underway on 120,000 square foot shell
CyrusOne announced that construction is underway on a new 120,000-square-foot shell at the company’s Phoenix campus. The shell is expected to be complete in late 2015. Additionally, another 36,000 square feet of colocation space, delivering up to 6 megawatts of power, is slated for completion in the third quarter of 2015 at Phoenix II. The Phoenix II facility is ultimately planned to have 240,000 square feet of data center space and will deliver up to 24 megawatts of power. The phase I construction of Phoenix II was completed in just 107 days, in what is believed to be the fastest data center construction project built from the ground up in the United States. When fully built, the Phoenix campus is expected to provide up to 1,000,000 square feet of data center space on the campus, with over 100 megawatts of power, making it one of the largest and most energy-efficient facilities in the United States.
June 23, 2015
18:19 EDTCONECyrusOne 11.3M share Secondary priced at $30.00
Citi, Goldman and Morgan Stanley acted as joint book running managers for the offering.
07:38 EDTCONECyrusOne equity offering removes an overhang, says Cowen
Cowen said CyrusOne's 11.3M share secondary announcement will remove an overhang on the stock. The firm believes the company is tracking to guidance from its Q1 conference call and that investors may view the company as an eventual M&A target. Cowen reiterated its Outperform rating and $37 price target on CyrusOne shares.
June 22, 2015
16:51 EDTCONECincinnati Bell files to sell 4.3M operating partnership units
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16:26 EDTCONECyrusOne files to sell 11.3M shares of common stock
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