Tag Archives: zayo

IPO Stock Watch: Zayo Earnings Report First Since IPO

Zayo Group Holdings (ZAYO) reported its first quarterly earnings report since going public, with mixed results. Zayo Group, a survivor of the dot-com bubble, provides high-bandwidth, fiber-optic infrastructure in the U.S. and Europe. It has acquired bankrupt firms such as AboveNet and 360networks among the 30-some acquisitions that it’s made in the past seven years. In the fiscal year that ended June 30, Zayo lost $179 million on revenue of $1.2

IPO Stock Watch: Zayo Group Up 16% In Tough IPO Field

In a recently weakened market for IPOs, Zayo Group Holdings rose 16% on its first day of trading Friday. The caveat is that Zayo Group (ZAYO), a provider of high-bandwidth, fiber-optic infrastructure in the U.S. and Europe, did not get all that it wanted from its initial public offering. Zayo raised $400 million by offering 21 million shares at 19, below the expected range of 21-24. It originally planned to raise $650 million by offering 28.9