Posted By Rich Miller On May 23, 2005 @ 4:12 pm In Uncategorized | Comments Disabled
Bandwidth and colocation provider Cogent Communications  plans to raise $75 million  with a secondary stock offering, the company said today. Cogent is renowned for “ultra-high bandwidth offered at radically low price.” The Washington D.C. company also operates 30 colocation facilities in 11 countries, including a number of sites Cogent acquired when it bought PSINet in a bankruptcy deal during the data center downturn. It recently completed a 1-for-20 reverse stock split. Investors seem to like the additional liquidity, as Cogent shares were trading up about 8 percent ($25.01 a share, up $1.97) in NASDAQ trading.
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URL to article: http://www.datacenterknowledge.com/archives/2005/05/23/cogent-plans-75-million-stock-offering/
URLs in this post:
 Cogent Communications: http://www.cogentco.com
 raise $75 million: http://www.cogentco.com/htdocs/press.php?func=detail&person_id=52
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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