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ZAYO News

US IPO Weekly Recap: 5 IPOs achieve moderate gains during the market slide and a biotech rejection

DM

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...read more

Zayo Group scheduled to enter the Renaissance IPO ETF (IPO)

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...read more

Frayed fiber optics: Zayo Group raises $400 million by pricing downsized IPO below range at $19

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...read more

7 US IPOs planned for the week of October 13, including the IPO market's biotech test

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...read more