DOwn all on an offering seems like something else is up
What do you guys think
Press Release Source: Cogent Communications Group, Inc.
Cogent Communications Group, Inc. Announces Proposed Common Stock Offering
Monday May 23, 9:28 am ET
WASHINGTON, May 23 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. (Amex: COI - News), today announced that it intends to raise $75 million through the sale of shares of common stock in an underwritten public offering. The underwriters will have an option to purchase up to an additional 15% of the shares offered to cover over-allotments, if any.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )
Lehman Brothers is acting as the sole book-running manager, Thomas Weisel Partners is acting as co-lead manager and CIBC World Markets and Friedman Billings Ramsey are acting as co-managers.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor offers to buy be accepted prior to the time the registration statement becomes effective.
What do you guys think
Press Release Source: Cogent Communications Group, Inc.
Cogent Communications Group, Inc. Announces Proposed Common Stock Offering
Monday May 23, 9:28 am ET
WASHINGTON, May 23 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. (Amex: COI - News), today announced that it intends to raise $75 million through the sale of shares of common stock in an underwritten public offering. The underwriters will have an option to purchase up to an additional 15% of the shares offered to cover over-allotments, if any.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )
Lehman Brothers is acting as the sole book-running manager, Thomas Weisel Partners is acting as co-lead manager and CIBC World Markets and Friedman Billings Ramsey are acting as co-managers.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor offers to buy be accepted prior to the time the registration statement becomes effective.
