AboveNet was a leading provider of facilities-based, managed services for customer-owned web servers and related equipment, and high performance Internet connectivity solutions for ecommerce and other business critical Internet operations. The Company subsequently was acquired by Metromedia Fiber Networks.
AboveNet was seeking capital for expansion of its East and West Coast campuses and to purchase fiber optic cable capacity and related equipment. In addition, certain of its executives, board members and other shareholders sought to sell a portion of their shares.
A principal of Carter Morse & Mathias acted as a managing underwriter on AboveNet’s follow on public offering.