Mar 23, 2007 : Terremark Offers 11m Shares for Sale

📅 March 23, 2007 - Internet exchanges and managed IT infrastructure solutions provider Terremark Worldwide (terremark.com -> akamai.com) announced on Friday the pricing of its public offering of 11 million shares of its common stock at $8.00 per share.

The company has given the underwriters an option to purchase up to an additional 1.5 million shares to cover over-allotments, if there are any. Credit Suisse Securities is acting as sole bookrunning manager for the offering, which is expected to close on or about March 28, 2007.

Terremark Worldwide operates integrated Internet exchanges and provides managed IT infrastructure solutions for government and private sectors.

The company offers a portfolio of services from seven locations in the US, Europe and Latin America and from four service aggregation and distribution locations, which aggregate network traffic and distribute network-based services in Europe and Asia to meet specific customer needs.

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URL source: http://www.thewhir.com/marketwatch/032307_Terremark_Offers_11m_Shares_for_Sale.cfm

Company: Terremark [terremark.com -> akamai.com]

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