Press Release

View printer-friendly version << Back
Goldman Sachs Exercises Over-Allotment Option of Equinix Shares For $32 Million

MOUNTAIN VIEW, Calif., Sept. 7 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), a provider of neutral Internet Business Exchange(TM) centers, today announced that Goldman, Sachs & Co. has exercised the over-allotment option for 2,704,596 shares of Equinix common stock at the offering price of $12.00 per share. The shares are trading on the Nasdaq National Market under the trading symbol EQIX. With the exercise of the over-allotment option, the company raised more than $270,000,000 on the public market in connection with its initial public offering on August 11, 2000.

Goldman, Sachs & Co. and Salomon Smith Barney acted as co-lead managers for the offering. Chase H&Q and Epoch Partners acted as co-managers of the underwriting group. Copies of the final prospectus relating to the offering may be obtained by contacting Goldman, Sachs & Co., 85 Broad Street, New York, NY, 10004, Attn: Prospectus Department, or Salomon Smith Barney, 140 58th Street, Brooklyn, NY, 11220, Attn: Prospectus Department.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective by the Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction.

About Equinix

Equinix designs, builds and operates neutral IBX(TM) centers (Internet Business Exchange(TM) centers) which provide e-commerce companies, content providers and ASPs with the power to choose from a wide variety of Internet partners. Equinix IBX(TM) centers are designed from the ground up to provide content providers, ASPs and e-commerce companies with service delivery, availability of bandwidth from multiple networks, scalable interconnection, neutrality and multi-level physical security. ISPs, carriers and site performance management companies have access to the services and customers they require to build and expand their businesses. Equinix customers include Cable & Wireless, Concentric, InterNAP, Loudcloud, NorthPoint Communications, StorageNetworks, Teleglobe, and WorldCom. For more information, please visit the company website at, or call the Equinix Investor Relations Information Line at 888-409-EQIX. SOURCE Equinix, Inc.

CONTACT: Media, Maureen O'Brien, 650-316-6043, or, or Investor Relations, Lori Rognstad, 650-316-6096, or, both of Equinix, Inc.; or David Fonkalsrud of Stirling & Karbo, Inc., 650-340-2867, or, for Equinix, Inc./