Csquare Files for $4.18 Billion IPO
Brookfield-backed Csquare filed to offer up to $1.35 billion in a US initial public offering, with the share sale valuing the data center company at as much as $4.18 billion. Under the terms outlined in the filing, the company plans to sell 50 million shares at a price range of $23 to $27 each, making it one of the latest players to tap public markets for AI infrastructure expansion.
Csquare intends to use the proceeds to fund the development and construction of its data center portfolio across the United States. The filing comes amid a broad wave of capital deployment from tech firms and cloud providers racing to build out capacity for machine learning workloads and large-scale cloud operations.
From the sources (3 posts)
@businessCsquare, a data center company backed by Brookfield, is seeking to raise as much as $1.35 billion in a US initial public offering
@techmemeFiling: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation (@ryanvlastelica / Bloomberg) (Visit Techmeme dot com for the link and full co
@globeandmailBrookfield-backed data centre provider Csquare targets up to $4.18-billion valuation in U.S. IPO