Friday, October 24, 2014

Zayo Nets $285M In IPO

Boulder-based Zayo Group said this week that it sold 16,008,679 shares of its common stock at $19.00 per share in its IPO, which is equal to around $285M in total. The company sold a total of 24.0M shares in its offering, with the remainder sold by its existing stockholders. Zayo's IPO was underwritten by Morgan Stanley, Barclays, and Goldman, Sachs & Co., along with RBC Capital Markets, Citigroup and SunTrust Robinson Humphrey. Zayo debuted on the New York Stock Exchange as ZAYO on October 17th.