Equinix, Compugen IPOs gain slightly

Equinix (Nasdaq: EQIX) rose 1 1/8 to 13 1/8 after pricing 20 million shares at $12 each, the top of its $10 to $12 range. The deal was changed from original plan to offer 12.5 million shares at $15 to $17 each.

The company operates neutral colocation centers, or Internet Business Exchanges, IBXs, where ISPs, telecommunications carriers, and content providers can locate equipment and interconnect networks and operations.

For the 6 months ended June 30, the company had revenue of $1.03 million, and loss of $44.82 million.

Lead underwriter for the IPO is Goldman Sachs. Co-managers are Salomon Smith Barney and Chase H&Q. Aside from a star line-up of underwriters, the company also has Cisco (Nasdaq: CSCO), which owns a 13 percent stake, behind it.