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


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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Comments (2)
  • EN015
    , contributor
    Comment (1) | Send Message
     
    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 2013, 05:59 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    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 2013, 09:24 PM Reply Like
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