Dutch datacentre group Interxion has announced plans to list 18.6 million shares at US$11-US$13 on the New York Stock Exchange.
According to an SEC filing, Interxion plans to offer 16.2m shares, with undisclosed shareholders, who include members of…
Dutch datacentre group Interxion has announced plans to list 18.6 million shares at US$11-US$13 on the New York Stock Exchange.
According to an SEC filing, Interxion plans to offer 16.2m shares, with undisclosed shareholders, who include members of senior management offering 2.3 million ordinary shares.
Merrill Lynch, Pierce, Fenner & Smith, Citigroup Global Markets and Barclays Capital are acting as joint bookrunners, as well as underwriters, which also include Jefferies & Company, Credit Suisse Securities, RBC Capital Markets, Piper Jaffray & Co, Oppenheimer & Co, Evercore, Guggenheim Securities and ABN AMRO Bank.
The underwriters have been granted an option to purchase up to 2.8 million additional ordinary shares to cover over-allotments.
Interxion expects to raise US$176.6m from the listing, based on the mid-range US$12 offering price, which gives the group a US$780m market cap according to some estimates.
In the SEC statement, the company said the proceeds will be used “primarily for general corporate purposes, including, without limitation, capital expenditures relating to expansion of existing data centers and construction of new data centres”.
KPMG is Interxion’s auditor. Linklaters, Shearman & Sterling, and Van Doorne are providing legal advice.
Total revenue for the nine months ended 30 September 2010 was E152.8m, compared with E126.6m for the same period last year. Adjusted EBITDA was E57.8m for the nine months to the end of September last year, compared with E45.8m for the corresponding period on 2009.
