Telx Files for $100 Million IPO
Updated: 2010-03-19 16:17:51
Home Telx Telx Files for 100 Million IPO Telx Files for 100 Million IPO March 19th , 2010 Rich Miller The Telx Group has filed for an initial public offering in which it hopes to raise up to 100 million . The company said it intends to use the money to accelerate the growth of its business through expanding and upgrading its data centers , and possibly acquisitions . The colocation and interconnection services provider has grown its data center footprint since being acquired by private equity firm GI Partners in 2006, and now operates 15 facilities with more than 480,000 square feet of data center space . Telx also owns the 56 Marietta carrier hotel in Atlanta , one of the primary connection hubs in that . market Telx is not profitable , but its revenue has grown from 50.8 million in 2007 to 98.3 million in 2009, the company said in its IPO filing with the Securities and Exchange Commission . The company lost 9.9 million in 2009, an improvement from losses of 31.3 million in 2008 and 37.2 million in 2007. Its 763 customers include AT T , HP , Yahoo , CBS and NASA , along with servioce prviders like SoftLayer , Level 3, iland Internet , Cogent and Qwest . Those customers have a