Will Cyrus One Be The First “Hot IPO” Of 2013?
Wall Street Daily | Jan 17, 2013 06:29AM ET
Each year, the IPO market grinds to a halt from about December 15 to January 15. Investment bankers apparently like to celebrate the holidays, too.
Given that it’s now January 17, it’s time for them to get back to work. And sure enough, five companies plan to go public this week.
At first glance, CyrusOne (CONE) stands out as the most compelling of the bunch.
It’s a newly formed REIT that owns datacenters and rents them out to blue-chip companies, including nine of the Fortune 20 and 108 of the Fortune 1,000. As such, it’s operating in the sweet spot of the “big data” boom.
Remember, by 2020, IDC expects the amount of data that businesses handle to balloon 44-fold. And all that data needs to be stored somewhere.
Of course, being tethered to a confirmed hypergrowth trend doesn’t mean we should automatically invest in a company. We need to be a tad more particular.
With that in mind, let’s run CyrusOne through our gauntlet. That is, the Original post
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