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 The Boulder, Colorado-based company listed Morgan Stanley, Barclays
and Goldman Sachs as lead underwriters for the IPO. (http://bit.ly/1qz17WH)
Zayo, whose rivals include CenturyLink Inc and Equinix Inc, has a
network covering about 300 countries, connecting the largest U.S.
and European cities.
The company's network connects 14,490 buildings, including 3,838
cellular towers and 527 data centers.
Zayo is backed by private equity and venture capital firms including
GTCR LLC, Oak Investment Partners, M/C Partners, Columbia Capital
and Charlesbank Capital Partners.
Zayo's regional and metropolitan fiber networks allow its customers,
which include telecommunication carriers, to transport data, voice,
video and internet traffic as well as to interconnect their
networks.
The company's revenue almost tripled to about $1 billion in 2013,
but net loss widened to $137.2 million from $1.2 million a year
earlier.
Zayo had debt of about $3 billion as of March 31.
Reuters reported in April that Zayo was exploring a public listing
that could value the company at about $7 billion and that the
company was speaking to investment banks.
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Zayo, founded by Level 3 Communications Inc former executives Dan
Caruso and John Scarano, plans to use the proceeds from the offering
for debt repayment and general corporate purposes.
Zayo did not say in the filing how many shares will be sold in the
offering or on which exchange the stock will be listed.
The amount of money a company says it plans to raise in its first
IPO filings is used to calculate registration fees. The final size
of the IPO could be different.
(Reporting by Neha Dimri in Bangalore; Editing by Savio D'Souza and
Kirti Pandey)
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