The initial purchase price of LED lights is expensive when compared to other types of bulbs.

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Lucrative service revenue, which can often represent a multiple of the initial purchase price and bring in a net profit margin well above the companywide 11% enjoyed last year.

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Banks may even be willing to give away WebPad devices featuring pre-installed banking applications to its customers for free, while ISPs are looking at business models such as subsidizing the cost of the device to make the initial purchase price more attractive for consumers, he added.

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The underwriters will be granted an option to purchase up to 2, 475, 000 additional shares of common stock from CyrusOne at the initial public offering price, less underwriting discounts and commissions.

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