INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS
28 January 2011 - Interxion, due to start trading today on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , responded to keen investor interest by placing more shares on offer, lifting the number to 20.4m from 18.6m, the Financial Times reported.
The news came before the Netherlands-based operator of data centres had priced the initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ), with the indicative range set at between USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11 and USD13 per share.
Interxion plans to use the net proceeds to add more data centres to its stable and expand the ones in operation. The company does business in 11 countries across Europe, running 28 sites.
During the January-September period last year, Interxion collected revenues of EUR152.8m (USD209.4m), making EUR34.3m in operating profits. In the corresponding 2009 stretch, revenues amounted to EUR126.6m, while operating profits stood at EUR24.5m.
