Market Overview

CyrusOne (NASDAQ: CONE) Commences 16.5M Share IPO

Cincinnati Bell (NYSE: CBB) announced today that CyrusOne Inc., its
wholly owned subsidiary that owns and operates Cincinnati Bell's data
center business, has commenced the initial public offering of 16,500,000
shares of its common stock. All of the shares of common stock are being
offered by CyrusOne. The estimated price range for the initial public
offering is $16.00 to $18.00 per share. The underwriters will be granted
an option to purchase up to 2,475,000 additional shares of common stock
from CyrusOne at the initial public offering price, less underwriting
discounts and commissions. CyrusOne has applied to list its common stock
on the NASDAQ Global Select Market under the symbol “CONE.”

Upon completion of this offering, Cincinnati Bell expects to effectively

See full press release

Posted-In: Earnings News Guidance Management

 

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