Arbinet Plans IPO

NJBIZ STAFF//August 9, 2005//

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Arbinet-thexchange, the world”s largest electronic marketplace for buying and selling telecommunications capacity, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock.No date has been set for the IPO, but the New Brunswick company has appointed Merrill Lynch to lead the offering. SG Cowen & Co., William Blair & Co., Perseus Group and Advanced Equities will co-manage the offering.Founded in 1996, Arbinet operates platforms and switching facilities in the U.S. and U.K. that allow telephone companies and wholesalers to buy and sell minutes around the globe.