Datacentre group Interxion has raised US$264.9m after placing 20,375,252 shares on the New York Stock Exchange on 28 January at US$13.00 each.
The company, which priced its shares at the upper end of its US$11-13 range, is offering 16,250,000 ordinary…
Datacentre group Interxion has raised US$264.9m after placing 20,375,252 shares on the New York Stock Exchange on 28 January at US$13.00 each.
The company, which priced its shares at the upper end of its US$11-13 range, is offering 16,250,000 ordinary shares and certain selling shareholders are offering the remaining 4,125,252.
BofA Merrill Lynch, Citi and Barclays Capital acted as joint bookrunning managers, with Jefferies, Credit Suisse, RBC
Capital Markets, Piper Jaffray, Oppenheimer & Co., Evercore Partners, Guggenheim Securities, LLC and ABN AMRO acting as co-managers.
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 centres 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 September 30, 2010, was 152.8m, compared with 126.6m for the same period last year. Adjusted EBITDA was 57.8m for the nine months to the end of September last year, compared with 45.8m for the corresponding period in 2009.
Data centre companies have been in vogue in the US over the last month, with Verizon acquiring Terremark and Time Warner snapping up NaviSite.
The rise in popularity of Cloud Computing is only part of the rush to hosting infrastructure right now, Ovum analyst David Molony told TelecomFinance.
“Enterprise customers, their business locations and end users want global reach [and] emerging managed services need storage and content distribution, especially where they are based around enterprise applications,” said Molony.
Other factors such as security, disaster recovery and how operators can use and share the computing hardware in data centres to offer a larger variety of services among multiple customers are all helping drive growth, he said.
