The global interconnection and data center company Equinix announced that the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $665.00 per share. Shares to be sold in the offering are offered by Equinix and the company has also granted the underwriters a 30-day option to purchase up to an additional 337,500 shares of its common stock. The company also announced that the expected closing day for the offering is 14 May.
Equinix also noted that the company is in advanced discussions with a seller to acquire selected data center sites and their operations. The company intends to use a portion of the net proceeds of the offering to fund the potential acquisition. If the Potential Acquisition is not completed, then Equinix intends to use all of the net proceeds for general corporate purposes. Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, Citigroup, and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters for the offering. MUFG, SMBC, TD Securities, HSBC, ING, Mizuho Securities, RBC Capital Markets, Barclays, BNP PARIBAS, Scotiabank, and Wells Fargo Securities are also acting as joint book-running managers for the offering. BTIG, Deutsche Bank Securities, Evercore ISI, and PNC Capital Markets LLC are acting as co-managers for the offering.