Dupont Fabros Technology Raises USD 641 Million

Following hot on the heals of the UK based Galileo Connect launch and funding reported in the October edition of Data Centre News, US data centre developer and operator of wholesale data centres, DuPont Fabros Technology has raised USD 641 million through an initial pubic offering, after pricing was set at USD21 a share to begin trading on the New York Stock Exchange. Based in Washington DC, the real estate investment trust issued 30.5 million shares. The company currently has five developed data centres and anticipates delivery of a sixth in 2008. The company has a development pipeline that includes three facilities in Ashburn (Virginia), one in Piscataway (New Jersey) and another at Santa Clara (California). In total the development projects will provide at least an additional 1 million gross square feet and 563,600 raised square feet. As part of its IPO, DuPont Fabros Technology granted its underwriters, led by Lehman Brothers and UBS Investment Bank, an additional 4.5 million shares.

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