While the question asks for the "IPO price" of Equinix, the provided reference details a subsequent public offering rather than its initial public offering (IPO), which occurred in August 2000.
On May 11, 2020, Equinix, Inc. (Nasdaq: EQIX) announced the pricing of an underwritten public offering of its common stock at $665.00 per share.
Details of the 2020 Public Offering
This offering involved the sale of 2,250,000 shares of Equinix's common stock. Below are the key specifics of this particular transaction:
| Aspect | Detail |
|---|---|
| Company | Equinix, Inc. |
| Stock Ticker | EQIX (Nasdaq) |
| Date of Pricing | May 11, 2020 |
| Price Per Share | $665.00 |
| Type of Offering | Underwritten Public Offering of Common Stock |
| Number of Shares Offered | 2,250,000 |
This offering allowed Equinix to raise capital by issuing additional shares to the public. For more information regarding this specific offering, you can refer to the official Equinix press release.
IPO vs. Public Offering: A Clarification
It's important to understand the distinction between an Initial Public Offering (IPO) and a subsequent public offering:
- Initial Public Offering (IPO): This is the very first time a private company sells its shares to the general public, marking its debut on a public stock exchange. Equinix's IPO occurred in August 2000.
- Subsequent Public Offering: After a company has already gone public, it may decide to issue new shares to the public to raise additional capital, for purposes such as expansion, debt repayment, or acquisitions. The May 2020 event for Equinix falls into this category, as the company was already publicly traded.
Therefore, the $665.00 per share price refers to this later public offering, not Equinix's original IPO price.
