DuPont Fabros Technology, Inc. (NYSE: DFT), a leading owner, developer, operator and manager of wholesale data centers, has announced the pricing of its initial public offering of 30,500,000 shares of its common stock at a public offering price of $21.00 per share, for net proceeds of approximately $588.7 million after underwriting discounts and financial advisory fees payable to the underwriters and estimated offering expenses payable by the Company. DuPont Fabros Technology has granted the underwriters a 30-day option to purchase up to an additional 4,575,000 shares of common stock at the initial public offering price, less underwriting discounts and financial advisory fees. The offering is expected to close on October 24, 2007. The shares of DuPont Fabros Technology are scheduled to begin trading on Friday, October 19, 2007 on the New York Stock Exchange under the ticker symbol "DFT." Lehman Brothers Inc. and UBS Investment Bank served as joint book-running managers for the offering, with Citi, KeyBanc Capital Markets, Wachovia Capital Markets, LLC, Banc of America Securities LLC, and Raymond James serving as co-managers.
Get the latest Datacentre industry news
Subscribe now to receive your daily news email with insights, worldwide headlines & much more, and it's FREE.
Sign-up today and receive a free detailed overview of the acclaimed "Western Europe Data Centre Market" Report plus unique 25% discount off the full price.