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IXEurope Flotation Puts Colo Back On The Market Pan-European operator IXEurope has listed on London’s AIM and raised £10m through an institutional placing at 22p per share. The shares (ticker IXE) made an excellent debut on Friday the 7th of April, rising on their first day of trading to 30p and valuing the group at £52m. (Close price on 8th May: 31p). The company has timed its’ arrival on the market well following a period of strength in many technology related companies both here in Europe and in the US. Shares in many NASDAQ listed companies such as Level3, Savvis or Equinix have soared in 2006 as investors have found renewed interest in technology stocks once again. The company will use the funds raised to pay off various loans and partly pay for the company’s planned 4th London data centre which will be the company’s largest and expected to cost a total of £15m to build. Industry contacts suggest this new facility will be located well to the west of London on the Slough Estate. IXEurope also reiterated their continued appetite to acquire either individual facilities or operators themselves. It was also interesting to note that on the day of floatation a number of directors took the opportunity to add to their holdings, including the two co-founders CEO Guy Wilner and COO Christophe de Buchet. Since the acquisitions of Telecity and Redbus by over the past year IXEurope now has the honour of being the industry’s sole quoted company in Europe.
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Greenwash?
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