Moderated By: Brasco One -- (Not Moderated) -- Started: 8/9/2000 1:55:03 PM Revision History
The company, which builds facilities to house Internet businesses' equipment, disclosed the latest terms in an amended prospectus filed with the Securities and Exchange Commission.
The underwriters, led by Goldman, Sachs & Co. and Salomon Smith Barney, have been allotted 3 million additional shares in the event of heavy demand.
After the IPO, there will be approximately 73.8 million shares outstanding in the company, giving it an initial capitalisation of about $811.8 million, based on a $11 per share median price.
It plans to use the net proceeds from the IPO to fund the design, construction and operation of additional facilities, and for general corporate purposes, including working capital.
In addition, it may use a portion of the proceeds to acquire businesses.
The Redwood City-based company has applied to trade its shares on Nasdaq under the symbol ``EQIX'' (Nasdaq:EQIX - news).
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