InterXion Raises $265 Million in Initial Offering
InterXion Holding NV, a provider of data center support services in Europe, raised $265 million pricing its initial public offering at the high end of the range.
The Schiphol-Rijk, Netherlands-based company sold 20.38 million shares at $13 after offering them at $11 to $13 each, according to a filing with the U.S. Securities and Exchange Commission and data compiled by Bloomberg. The company had increased the number of shares it planned to sell from 18.55 million earlier today. InterXion plans to use proceeds from the offering to expand existing data centers and build new ones, according to the filing.
InterXion is one of seven U.S. IPOs scheduled this week as companies attempt to raise a combined $3.3 billion in new stock, according to data compiled by Bloomberg. Barclays Plc of London estimates U.S. initial sales will raise $50 billion this year, an increase of 34 percent, after the Standard & Poor’s 500 Index recovered all of its losses spurred by the collapse of Lehman Brothers Holdings Inc. in September 2008.
Bank of America Corp. in Charlotte, North Carolina, New York-based Citigroup Inc. and Barclays Plc of London led InterXion’s offering, according to the share-sale document. The shares will begin trading tomorrow on the New York Stock Exchange under the ticker INXN.
Separately, Shanghai-based BCD Semiconductor Manufacturing Ltd. raised $63 million selling 6 million American depositary receipts at $10.50 each, data compiled by Bloomberg show.
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