DigitalBridge-backed Switch files confidentially for US IPO
Switch has data centers in Nevada, Michigan, Georgia, and Texas.
On Friday, Bloomberg News reported that data center firm Switch filed a confidential application for a U.S. initial public offering (IPO), according to sources familiar with the situation. Earlier, Reuters had disclosed that the company might seek to raise up to $10 billion during the fourth quarter, with an estimated valuation near $80 billion, including debt.
Switch declined to comment on the Bloomberg report when contacted by Reuters. The company's operations involve the management of large-scale data center campuses that supply essential power, cooling, and connectivity for AI computing. This infrastructure supports cloud providers and enterprises in deploying GPU clusters essential for training and running AI models.
The demand for such facilities has been on the rise due to companies' substantial investments in AI, which has heightened interest in data center operators and other entities that sustain the technological backbone of AI.
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- Data centre firm Switch confidentially files for US IPO: Bloomberg economictimes.indiatimes.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
- Texas moratorium on data centers puts 20% of U.S. pipeline at risk of delay - Bloomberg NEF seekingalpha.com
- Data center firm Switch confidentially files for US IPO, Bloomberg News reports channelnewsasia.com
