Atlanta, Georgia – (The Hosting News) – October 11, 2006 – Web hosting and managed integrated VoIP services provider, Cbeyond, has closed its previously announced secondary offering of 4,907,179 shares, including 640,066 shares sold. Cbeyond did not issue any new shares of common stock or receive any proceeds from the sale of the shares.
The shares were sold by the selling stockholders at $26.75 per share, pursuant to the underwriters’ exercise of the over-allotment option granted by the selling stockholders. J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. acted as joint book-running managers for the offering. A copy of the prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., Prospectus Department, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 (telephone 718-242-8002) or Deutsche Bank Securities Inc., Prospectus Department, 1251 Avenue of the Americas, 25th Floor, New York, New York 10020 (telephone 800-503-4611).
Cbeyond is an Atlanta-based managed services provider that delivers integrated packages of voice, mobile and broadband services to small businesses in Atlanta, Chicago, Dallas, Denver, Houston and Los Angeles. Cbeyond offers core communications services like local and long-distance voice, mobile and broadband Internet access along with enhanced applications, including voicemail, email, web hosting, fax-to-email, data backup, file-sharing and VPN. Cbeyond manages its services over a private, 100-percent Voice over Internet Protocol (VoIP) facilities-based network.
To learn more about the conference, please visit: http://ir.cbeyond.net/ir_medialist.cfm.
To learn more about Cbeyond, please visit: www.cbeyond.net.