Data center provider CSF float priced at £55 per share at London Stock Exchange’s AIM
22nd March 2010, Datacenter Dynamics (Web)
Shares of Malaysian data center provider CSF Group have been admitted for trading the exchange for shares smaller growing companies operated by the London Stock Exchange. CSF has placed 50.9 million shares priced at £55 each on LSE’s AIM market, standing to raise up to £28 million.
“The data centre market in southeast Asia is going through a phase of growth due to the increase of data-intensive businesses and, as one of the longest established and most respected service providers in the region, CSF will use the impetus of its admission (to AIM) to take the maximum advantage of this unique situation,” CSF CEO Adrian Young said in a statement.
CSF Group's CX 2 Computer Exchange facility was built by Nakano Construction
The Malaysian firm announced its intent to file for an IPO earlier this month, issuing new shares whose value was equivalent to a third of its equity. The company, which currently serves the Malaysian market, is reportedly planning to expand in Vietnam and Thailand.
According to industry analysts, growth in the Asia-Pacific data center market is a safe bet. In its February report, market research firm Frost and Sullivan predicted that data center market in the region will grow by about 15 percent in 2010 and by another 16 percent in 2011.
Majority of large provider data centers are currently close to 90 percent of capacity and lease rates are up.