Fri Jan 18, 2013 4:25pm EST

n">(Reuters) - Shares of CyrusOne Inc (CONE.O) rose as much as 15 percent on their market debut after the data center operator priced its offering at the high end of its expected price range.

CyrusOne shares closed up nearly 12 percent at $21.20 on the Nasdaq on Friday while majority owner Cincinnati Bell's (CBB.N) stock closed down 6 percent at $5.00 on the New York Stock Exchange.

"What happened with CyrusOne is that people looked at the parent and found that the parent was very weak. They've basically spun off a division that's worth more than the parent," said Francis Gaskins, a partner at IPODesktop.com.

Texas-based CyrusOne priced its offering of 16.5 million shares at $19 each, raising $313.5 million. At the offer price, CyrusOne has a market value of about $1.18 billion.

Cincinnati Bell, valued at about $1 billion, will own about 71.6 percent of CyrusOne, which rents equipment, space and bandwidth to store and transfer data.

CyrusOne had 24 data centers in Austin, Chicago, Cincinnati, Dallas, Houston, London, South Bend and Singapore as of March 2012, according to its website.

CyrusOne has structured itself as a REIT, joining a string of technology companies looking to save on tax through the structure.

Companies with large real estate assets eye a REIT structure as it helps reduce the tax burden on their rental income. Shareholders also stand to gain as REITs are required to distribute at least 90 percent of their profits as dividends.

Shares of another REIT and data center company, Digital Realty Trust Inc (DLR.N), have risen about 8 percent in the last month, while those of data center operator Equinix Inc (EQIX.O), which is planning a REIT conversion, have risen about 9 percent.

Industry research firm Gartner estimates that the global market for data center services was about $150 billion in 2011 and will rise to about $200 billion in 2012, the company said in a regulatory filing.

Morgan Stanley and BofA Merrill Lynch were joint-bookrunners to the offering.

SUNCOKE ENERGY DEBUT

Shares of Illinois-based SunCoke Energy Partners LP (SXCP.N) opened flat on debut after the metallurgical coal producer priced its offering at the low end of its expected price range.

The company priced its offering of 13.5 million shares at $19 each, raising $256.5 million.

The downstream energy limited partnership listed Credit Suisse and Citigroup as lead underwriters to the offering.

SunCoke Energy Partners' share closed down 4 percent at $18.25 on the New York Stock Exchange.

(Reporting By Neha Dimri in Bangalore; Editing by Supriya Kurane and Don Sebastian)

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1 of 5. Giant Panda cub Xiao Liwi is shown for the first time on public display after the section of the exhibit frequented by the five-month old bear was opened to the public at the San Diego Zoo in San Diego, California, January 10, 2013. The bear was born on July 29, 2012 from mother Bai Yun.

SAN DIEGO | Thu Jan 10, 2013 5:14pm EST

SAN DIEGO (Reuters) - Xiao Liwu, the newest surviving giant panda born in captivity in the United States, made his public debut on Thursday at the San Diego Zoo by shunning the media but shining for the public.

During an hour-long, pre-opening introduction to the media and zoo volunteers, the 6-month-old, 16-pound male cub rolled in mud and hay, ignoring visitors, then climbed into a moat at the edge of the enclosure and fell asleep on his face.

He woke up once the public arrived and poured on the charm, climbing a tree and posing for photos.

Giant pandas are endangered, and experts estimate there are fewer than 1,600 in the wild, all in the mountain forests of central China.

Xiao Liwu (pronounced zhai lee-woo), which means little gift, was born on July 29 to Bai Yun, the zoo's 21-year-old, 223-pound adult female panda. He is her sixth cub, one of five with mate Gao Gao. Her first cub resulted from artificial insemination.

"He's shy and very loving," said Kay Ferguson, the zoo's panda narrator. "He's inquisitive and he likes to play with balls. He's very different from Bai Yun's other five cubs."

Despite stormy weather and cool temperatures, hundreds of panda fans lined up for the two-hour viewing. Previous glimpses of the cub and its mother were restricted to observations through the zoo's PandaCam.

Bai Yun is one of only two captive pandas worldwide to give birth at age 20, relatively old for pandas. Fewer than a dozen pandas have been born at U.S. zoos, including a female cub that died at the National Zoo in Washington, D.C., in September, making Bai Yun the most prolific breeder in captivity outside China.

Bai Yun mostly ignored the baby during the public display. She chomped on bamboo, taking a break only to get a drink of water while the cub played in a nearby tree.

"With the first cub or two, she was very attentive, but the last, she doesn't worry about them at all," said Vivian Kiss, a panda fan. "You just want to pick him up and hold him."

The cub, roughly the size of a stick of butter when first born, is still nursing and does not yet eat solid food, Ferguson said. "She'll nurse him until he's 18 months old, until she gets so grouchy she kicks him out," Ferguson said.

(Reporting by Marty Graham; Editing by Steve Gorman)

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Actor Shia LaBeouf poses on the red carpet during a screening for the movie ''The Company You Keep'' at the 69th Venice Film Festival September 6, 2012.

NEW YORK | Tue Dec 11, 2012 9:12pm EST

NEW YORK (Reuters) - Hollywood star Shia LaBeouf will make his Broadway debut as a petty thief opposite Alec Baldwin in a revival of the play "Orphans," press representatives for the play's producers said on Tuesday.

LaBeouf, 26, who starred in such big-budget movies as "Indiana Jones" and the "Transformers" franchise films, will take to the Broadway stage playing Treat, a thief supporting his younger brother. Baldwin will playing an older gangster, Harold, in Lyle Kessler's play that premiered in 1983.

The new production of the drama, which has seen previous incarnations in Los Angeles, Chicago, and London as well as being made into a movie, will open on Broadway in April.

(Reporting By Christine Kearney, editing by Cynthia Osterman)

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