Csquare
Csquare is a Dallas-based co-location and data center services company backed by Brookfield that has confidentially filed for a US IPO.
“They're a C-tier data center leveraging AI. They're doing a billion dollar run rate growing 16%. And they IPO'd with a $3 billion market cap... The lesson for me is you got to deliver.”
Source→“The IPO priced at $21 per share and raised $1.05 billion... This is below its target range of $23 to $27 per share.”
“Csquare IPO proceeds go almost entirely to debt repayment rather than growth investment — a tell that the capital structure, not expansion opportunity, is driving the transaction.”
“Brookfield launched a roughly $1.35 billion IPO for Csquare, with proceeds earmarked not for growth but to repay a $734 million revolver and some of $4.3 billion in securitized debt.”
“Csquare: Dallas-based data center operator backed by Brookfield - Looking to raise up to $1.35B in IPO at $4.18B valuation”
“Csquare, a Coppell, Texas-based data center operator backed by Brookfield Infrastructure Partners, set IPO terms to 50m shares at $23-$27.”
“Brookfield Infrastructure Partners-backed Csquare, a data center operator, publicly filed for a US IPO.”
“A Coppell, Texas-based data center operator backed by Brookfield Infrastructure Partners, filed for an IPO that Renaissance Capital estimates could raise $600m.”
“A Coppell, Texas-based data center operator backed by Brookfield Infrastructure Partners, filed for an IPO that Renaissance Capital estimates could raise $600m.”
“Csquare, Dallas-based co-location and data center services — Backed by Brookfield; confidentially filed for US IPO”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.