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2 clusters · 3 sources · 26 days · First seen about 1 month ago · Last updated 19 days ago

Switch data-center operator IPO preparations

Overview

Las Vegas-based data-center operator Switch is preparing for a large-scale U.S. initial public offering (IPO) to meet the growing demand for artificial intelligence infrastructure. Early reports indicated the company was targeting a valuation of up to $80 billion, including debt, and exploring a possible $10 billion capital raise alongside $2 billion in private funding.

As the process progressed, Switch reportedly filed confidentially for its IPO. The company, which is majority-owned by DigitalBridge Group, is working with several major financial institutions. While specific details regarding the timing and final valuation remain preliminary, the offering represents a significant increase from its enterprise value during its 2022 acquisition. The company continues to operate large-scale campuses across multiple U.S. states to support hyperscale and high-performance computing customers.

Entities

Bank of America · Goldman Sachs · Switch · DigitalBridge Group · Andreessen Horowitz

Timeline

19 days ago

[BUSINESS] 3 sources
Switch files confidentially for U.S. IPO amid AI demand
Data center operator Switch has filed confidentially for a U.S. IPO, potentially valuing the company at $50 billion amid surging demand for AI-related digital infrastructure.
about 1 month ago

[BUSINESS] 4 sources
Switch data‑center operator targets up to $80 billion IPO
Switch, the Las Vegas data‑center firm behind AI‑focused facilities, is planning an IPO that could value it up to $80 billion, with Goldman Sachs and JPMorgan as underwriters and a potential $10 billion raise.

Sources

fourweekmba.com · mxmindia.com · tekedia.com