Sunday, October 19, 2014

Zayo Rises 16% in IPO

Zayo completed its initial public offering of 21,052,631 shares of its common stock at a price to the public of $19.00 per share.  The company offered 16,008,679 shares of common stock and selling stockholders offered 5,043,952 shares of common stock. The stock closed on Friday at $22, up 16% from opening price.  

The shares are trading on the New York Stock Exchange under the ticker symbol ZAYO.”  

  • In August, Zayo introduced its Connect to the Cloud platform for helping enterprise customers adopt a hybrid cloud strategy. Zayo's Connect to the Cloud platform will provide a direct connect options to multiple cloud providers and over 500 data centers worldwide. The expanded program offers a direct connect option to many leading cloud providers, including Amazon Web Services (AWS) and Softlayer.

  • In 2011, Zayo became one of the first providers to offer direct bandwidth up to 10G through the AWS Direct Connect portal and in 2013, announced it had become an Amazon Partner Network (APN) Technology Partner. As an APN, Zayo provides private networks with circuits to enable connectivity to each AWS Direct Connect location.