Tags: US | Telx | Group | IPO

Telx Group Plans $100 Million Initial Public Offering

Friday, 19 Mar 2010 09:58 AM

 

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Telx Group Inc., a company that operates data centers in the U.S., plans to raise $100 million through an initial public offering.

It says it will use the proceeds for capital spending, covering expenses and other general corporate purposes, according to a filing made Thursday with the Securities and Exchange Commission.

The company, which is based in New York and has 15 locations around the U.S., is expected to trade on the Nasdaq under the symbol "TELX."

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