Updated
Updated · Bloomberg · Jul 6
Csquare Seeks $1.35 Billion US IPO as Brookfield-Backed Data Center Firm Targets $4.18 Billion Value
Updated
Updated · Bloomberg · Jul 6

Csquare Seeks $1.35 Billion US IPO as Brookfield-Backed Data Center Firm Targets $4.18 Billion Value

1 articles · Updated · Bloomberg · Jul 6

Summary

  • Csquare aims to raise up to $1.35 billion in a US initial public offering, marking a sizable listing bid for the Brookfield-backed data center company.
  • 50 million shares are being offered at $23 to $27 each, according to a Monday filing with the US Securities and Exchange Commission.
  • A price at the top of that range would value Csquare at about $4.18 billion based on the outstanding shares listed in the filing.

Insights

Why was Csquare's expected market value slashed by over 50% before its IPO?
Will Csquare's risky lease model, which bankrupted its predecessor, succeed this time?
Can the US power grid and supply chain sustain the explosive growth of AI data centers?