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Summary:

The Telx Group, an NYC-based data center operator, has filed for an initial public offering that could see it raise as much as $100 million from the public markets. With the demand for data centers and Internet services on an upswing, Telx’s IPO is very timely.

LOGO.jpegThe Telx Group, a New York City-based data center operator, has filed for an initial public offering that could see it raise as much as $100 million from the public markets. The last major data center operator to go public was RackSpace, and that was back in 2009. With the demand for data centers and Internet services on an upswing, Telx’s attempt to go public is very timely.

The company is well known for owning being a primary lease holder at 60 Hudson Street, an iconic wired carrier hotel in Manhattan where more than 250 networks converge. Owned by private equity firm GI Partners, its other assets include The Planet and EV1 Servers.

Telx has 15 data centers with about half a million square feet of data center space. The company had revenues of $98.3 million in 2009 and net losses of $9.9 million. Telx, which also provides global interconnection and co-location services, has about $130 million in debt. The IPO is being underwritten by Goldman Sachs & Co. and Deutsche Bank Securities. Telx has applied to trade on the Nasdaq market under the ticker TELX.

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By Om Malik

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  1. Sanjay Maharaj Friday, March 19, 2010

    Any idea what the IPO is priced at?

  2. Datacenters making money.. Very funny. With virtulization all the DC should be closing by now..

    Lets see how they fare..

    CHeers, Nag

    1. Where do you think those virtualized things run?… up in the clouds?

      1. No, silly, they run in the nether space between your computer and your imagination. That’s why they call it “virtualized”. Come on now.

  3. It is making loss. Can it encourage investors???

  4. Silent Partner Monday, March 22, 2010

    Just to clarify, Telx does not own 60 Hudson. They do however own 56 Marietta in Atlanta (another large carrier hotel).

    1. It was updated — they don’t own 60 Hudson but are major tenant there.

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