CyrusOne, a wholly owned subsidiary of Cincinnati Bell, commenced an initial public offering (IPO) of 16,500,000 shares at $16.00 to $18.00 per share. Cincinnati Bell will own approximately 71.6% of CyrusOne upon completion of this offering. CyrusOne has applied to list its common stock on the NASDAQ Global Select Market under the symbol “CONE.
CyrusOne operates 21 data centers in eight distinct markets (Austin, Chicago, Cincinnati, Dallas, Houston, London, South Bend, and Singapore), collectively providing approximately 1,480,000 net rentable square feet (NRSF) and powered by approximately 105 megawatts, or MW, of utility power.
CyrusOne also has four new data centers under construction in Dallas, Houston, Phoenix and San Antonio.
- In September, CyrusOne officially opened a 670,000-square-foot data center in Carrollton, Texas. The facility will deliver 400,000 square feet of raised-floor data center space and approximately 60,000 square feet of class A office space. The company claims the best PUE in Texas.