Investing

CyrusOne Completes IPO, Shares Trade Higher on NASDAQ

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CyrusOne has completed its IPO, pricing its initial sale of shares at $19, above the projected range of $16 to $18, indicating healthy demand for shares of the colocation provider. Shares rise in early trading before settling back to about $21 a share in mid-afternoon. Read More

Meteoric Rise for Rackspace Tops 3Q Stock Winners

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Rackspace Hosting (RAX) is the big winner on Wall Street for the third quarter of 2012, and sits atop our Data Center Investor performance chart with a three-month gain of 50 percent. The San Antonio company was the chief beneficiary from a trend in which investors are seeking ways to benefit from the growth of cloud computing. Read More

M&A Action: Akamai acquires FastSoft

In this week’s M&AS news, Akamai (AKAM) has acquired content acceleration software provider FastSoft, CA Technologies (CA) acquires Paragon Global Technology, and AMD invests in cloud-based gaming provider CiiNOW. Read More

With an Eye on the Street, Equinix to Become a REIT

Equinix continues to dominate in all major colocation markets, except China, where local providers have a tight grip on the market (Photo: Equinix)

Equinix plans to convert to a real estate investment trust (REIT), a move that may make the company’s shares even more attractive to investors. The colocation provider says the conversion will have no impact on its data centers or services, but will allow the company to pay distributions to shareholders, with an initial payout in 2014 of at least $700 million. Read More

Nutanix Brings SAN-free Data Center, Raises $33 Million

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Nutanix has built a compute and storage infrastructure for implementing enterprise-class virtualization without complex and expensive external network storage (like a SAN or NAS). Last week Nutanix raised a new round of financing, led by current investors and joined by a few new ones. Read More

Analysts See Gains for Equinix in REIT Conversion

Analysts say that switching to a real estate investment trust could yield big tax savings for Equinix (EQIX), perhaps as much as $312 million in the first two years as a REIT. Converting to a REIT is likely to prompt a morew favorable valuation from investors, according to Bloomberg news. Read More

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