Colocation provider Telx gets ready to go public

Colocation provider Telx is in the process of launching an initial public offering that could fetch up to $100 million.

Currently operating 15 U.S.-based data centers, Telx boasts a household name customer list that includes the likes of AT&T, Hewlett-Packard, Yahoo! and Salesforce.com. Telx did not reveal the amount of shares it would sell or the price it would sell the shares at, but with the strong demand for data and hosting, it appears that this is the right time to go public.

Participating as underwriters in Telx's IPO are Goldman, Sachs & Co and Deutsche Bank Securities. When it does go public, Telx says it will trade on the NASDAQ under the symbol "TELX."

For more:
- xChange has this article

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