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After setting an IPO price of $19, CyrusOne (CONE) opened at $21.01 and is currently at $20.91,...

  • Friday, January 18, 11:59 AM ET
    After setting an IPO price of $19, CyrusOne (CONE) opened at $21.01 and is currently at $20.91, up 10.1%. That gives the data center owner, which sold 16.5M shares in its offering and (like many peers) is growing at a decent clip, a market cap of $1.3B. CyrusOne is being spun off by Cincinnati Bell (CBB -4.2%), which owns 71.6% of the company post-IPO. (previous) (S-1)
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This news story has 2 comments:

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    I think a few people in the market might be making a confusion. CBB still owns 71,6% of CyrusOne even after the IPO of CONE.
    18 Jan, 05:59 PM Reply Like
  •  
    You're right. They own 9.7% of the common stock, but 71.6% of the equity after factoring operating partnership units. Fixed the post.
    18 Jan, 09:24 PM Reply Like
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