ZAYO News

Five initial public offerings collectively raised $1.3 billion during the past week, bringing the year's total to 228 IPOs and $73.5 billion raised, a 35% increase over this time last year by deal count and an 84% increase by proceeds. The S&P 500 had the largest 3-day slide since 2011 while the VIX volatility index leapt above 25 and the IPO market responded with postponed...read more

Zayo Group (ZAYO), which operates one of the largest fiber optic networks in the US, raised $400 million after selling 21 million shares at $19 a share. At the pricing terms, Zayo’s market value stands at $4.5 billion and qualifies for inclusion in the Renaissance IPO ETF at the market's close on October 23, 2014. The Renaissance IPO ETF is a portfolio of the largest,...read more

Zayo Group Holdings, a national provider of fiber optic bandwidth infrastructure and colocation services, raised $400 million by offering 21 million shares (24% insider) at $19, below the range of $21 to $24. Zayo originally planned to raise $650 million by offering 28.9 million shares (62% insider) at the midpoint. At the revised price, Zayo commands a market value of $4.5...read more

Seven initial public offerings are expected to raise $1.7 billion in the upcoming week. Four IPOs are biotechs, including Forward Pharma, which could be the year's largest (and 60th), and three others in early stages of development. Consolidated fiber optic network Zayo Group is expected raise $650 million to be the week's largest deal. We should also see the IPOs of midstream...read more