CyrusOne (CONE) made its public debut on Friday, January 18th. Shares of the owner and operator of enterprise, carrier-neutral data center properties ended their first trading day with gains of 11.6% at $21.20 per share. After the first day spike, shares moved in a $21-$23 trading range, currently exchanging hands at $21.58 per share.
The Public Offering
CyrusOne owns 24 data centers, mostly in the Southern States of the US, but it also owns a centre in both the United Kingdom and Singapore. These enterprise facilities have redundant power and communications which are not network specific, allowing customers to establish communication with multiple carriers at once. In total the facilities are comprised out of 1.63 million net rentable square feet footage, powered by 125 megawatts of power. CyrusOne owns 9 buildings and leases the remainder of the buildings.
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