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The Telx Group files for $100 million IPO

March 18, 2010

The Telx Group, which provides network neutral, global interconnection and colocation solutions to over 763 customers through 15 data facilities, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. The New York, NY-based company, which was founded in 2000 and booked $98 million in sales last year, plans to list on the NASDAQ under the symbol TELX. Goldman Sachs and Deutsche Bank are the lead underwriters on the deal, for which terms and timing were not disclosed.