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

According to a filing with the U.S. SEC, data center operator Csquare plans to list on the NYSE under the ticker "CSQR". It intends to issue 50 million shares at a price range of $23 to $27 per share, with a maximum fundraising scale of $1.35 billion. Based on the upper end of the offering price, the company is valued at approximately $4.18 billion. This IPO comes amid a global expansion cycle for AI computing power and data centers, with increasing market demand for infrastructure assets. (Bloomberg)