Fiber optic network provider Zayo Group files for an IPO that could raise $500 million


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Zayo Group Holdings, a national provider of fiber optic bandwidth infrastructure and colocation services, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely a placeholder. We estimate the company could raise $500 million or more.

The Boulder, CO-based company was founded in 2007 and booked $1.1 billion in sales for the 12 months ended March 31, 2014. Morgan Stanley, Barclays and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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