Zayo completes IPO, nets $282 million
BOULDER – Broadband infrastructure provider Zayo Group Holdings Inc. on Wednesday announced that it had officially completed its initial public offering of about 24.1 million shares.
Boulder-based Zayo (NYSE: ZAYO) went public on Friday, selling roughly $1.1 million shares at $19 apiece. The final share tally included the exercise of the full option for underwriters to purchase about 3 million additional shares.
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The company will not reap any added proceeds from the underwriters’ additional shares purchased as those all came from selling stockholders. The company sold about 16 million shares on Friday, raising about $282 million for the company.
Zayo’s share price rose nearly 16 percent to $22 on Friday in its first day of trading and has hovered around that price this week.
BOULDER – Broadband infrastructure provider Zayo Group Holdings Inc. on Wednesday announced that it had officially completed its initial public offering of about 24.1 million shares.
Boulder-based Zayo (NYSE: ZAYO) went public on Friday, selling roughly $1.1 million shares at $19 apiece. The final share tally included the exercise of the full option for underwriters to purchase about 3 million additional shares.
The company will not reap any added proceeds from the underwriters’ additional shares purchased as those all came from selling stockholders. The company sold about 16 million shares on Friday, raising about $282 million for the company.
Zayo’s share price rose…
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