Data center operator Switch launches $2 billion private fundraising round, led by a16z

Odaily reports that data center operator Switch has officially launched a $2 billion private fundraising round, led by a16z. Sources indicate that Switch's enterprise valuation (including debt) following this round could approach $50 billion, with an equity value of approximately $19 billion (excluding new investments). Sources say a16z will invest around $400 million, while Goldman Sachs and JPMorgan are also assisting in facilitating this round. This fundraising could pave the way for Switch's initial public offering (IPO), which could occur as early as next year. (Bloomberg)