Data center operator Csquare plans to raise up to $1.35 billion in NYSE listing

According to documents disclosed by the U.S. SEC, data center operator Csquare plans to list on the NYSE under the ticker symbol "CSQR". The company intends to issue 50 million shares with a pricing range of $23 to $27 per share, targeting a maximum fundraising scale of $1.35 billion. Based on the upper end of the offering price, 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)