Monday, October 13, 2014
Zayo Expected To Price IPO This Week
The long awaited IPO of Boulder-based bandwidth provider Zayo Group is expected to price this week, according to market sources. Zayo is seeking to raise nearly $780M in an IPO on the New York Stock Exchange, and currently anticipates its IPO at between $21.00 and $24.00 per share. Zayo--which operates an extensive, dark fiber network, colocation services, and other related communications services globally--filed for its IPO in July. The company is led by Dan Caruso. Zayo is likely to price its IPO late Thursday evening and debut on the market on Friday morning.