QTS (Quality Technology Services) has confirmed plans for a $300 million initial public offering (IPO) that will help fund a major expansion of the company's footprint, focused on its massive data centers in Dallas, Richmond and Atlanta.
Bloomberg reported Tuesday that QTS (Quality Technology Services) is planning to pursue an IPO, citing "people with knowledge of the matter," who say the company is working with Goldman Sachs and Jefferies Group on the offering.
Data center maintenance may not seem like a sexy topic for Wall Street. But during this earnings season, maintenance costs have been a key discussion item during the earnings calls for three of the industry's largest data center operators.
The second quarter of 2013 was a rough ride for the data center industry, as several of the sector's bellwethers experienced selloffs and wound up lagging the market.
Accel Partners commissions a second fund for big data with $100 million, Good Data receives a $22 million Latin American investment, and Hortonworks certifies Concurrent's Cascading application framework