Data center operator Csquare plans to list on NYSE, aiming to raise up to $1.35 billion

According to documents disclosed by the U.S. SEC, data center operator Csquare plans to list on the NYSE under the ticker symbol "CSQR". It intends to issue 50 million shares with a price range of $23 to $27 per share, aiming for a maximum fundraising size of $1.35 billion. Based on the upper end of the pricing range, the company’s valuation is approximately $4.18 billion. This IPO comes amid a global expansion cycle for AI computing power and data centers, with market demand for infrastructure assets continuing to heat up. (Bloomberg)