The share price of data center builder and provider CoreSite was up about 1.9 percent around four hours after opening of their first day of trading on the New York Stock Exchange.

The company priced its initial public offering of 16.9m shares at $16 per share and began trading under the symbol COR on Thursday morning. Its stock traded at $16.30 about four hours after the market opened, following closely a trade at $16.36.

The company said in a statement it would use proceeds from the offering