Data centre firm Switch confidentially files for US IPO: Bloomberg
The company operates large-scale data centre campuses that provide power, cooling and connectivity needed for AI computing, enabling cloud providers and enterprises to deploy GPU clusters used to train and run AI models.
Switch, a data centre firm, has confidentially filed for a US initial public offering. The company operates large-scale data centre campuses that provide the necessary power, cooling, and connectivity for AI computing. This infrastructure enables cloud providers and enterprises to deploy GPU clusters used to train and run AI models.
According to Channel News Asia, Switch could raise up to $10 billion as soon as the fourth quarter at a valuation of around $80 billion, including debt. The company's potential listing could take place as soon as November, as reported by Bloomberg.
The demand for data centre infrastructure has surged due to companies investing heavily in AI, driving interest in data centre operators like Switch. Ben Horowitz is set to join the company's board.
Brief written by urgent.news from Economic Times Tech, Channel News Asia, Techmeme — 3 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- Data center firm Switch confidentially files for US IPO, Bloomberg News reports channelnewsasia.com
- Sources: data center operator Switch filed confidentially for a US IPO, and a listing could take place as soon as November; Ben Horowitz is joining its board (Bailey Lipschultz/Bloomberg) bloomberg.com
- DigitalBridge-backed Switch files confidentially for US IPO techinasia.com
- Texas moratorium on data centers puts 20% of U.S. pipeline at risk of delay - Bloomberg NEF seekingalpha.com
