In Brief: Merrill Named Lead Manager for $1B IPO

billion initial public offering by Infonet Services Corp., a provider of data communications services.

Credit for this offering will help the company's standing in IPO league tables, which give credit to a new issue's managers. Last quarter, Merrill was No. 5 for U.S. public offerings.

In a filing with the Securities and Exchange Commission Tuesday, El Segundo, Calif.-based Infonet also said Warburg Dillon Read and Merrill would act as global coordinators for its planned IPO.

The Infonet IPO is the largest to be registered since Sept. 30 but is still overshadowed by the $1.49 billion offering made by biotech firm Genentech Inc. in the third quarter. That IPO was underwritten by J.P. Morgan & Co.

-- Laura Mandaro

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