Csquare, Inc. Announces Pricing of Initial Public Offering
The data center operator plans to use most proceeds to repay debt as it prepares to list on the New York Stock Exchange.
- On Thursday, July 16, 2026, Dallas-based data center operator Csquare Inc. debuts on the New York Stock Exchange under ticker 'CSQR' after pricing its initial public offering at $21 per share.
- Csquare raised $1.05 billion on Wednesday, pricing shares below the marketed $23-to-$27 range as investor demand for data center infrastructure grows to support AI-enabled workloads.
- Brookfield Corp. will retain 67.1% voting control after the IPO, which gives Csquare a market value of about $3.25 billion; proceeds will repay a $771 million credit facility and a $75 million promissory note.
- Morgan Stanley and TD Securities led the syndicate of underwriters for the offering, which follows the $26.5 billion listing from SK Hynix Inc. last week.
- The offering is expected to close on Friday, July 17, 2026, subject to customary conditions, with underwriters holding a 30-day option to purchase up to 7,500,000 additional shares at the initial offering price.
46 Articles
46 Articles
Csquare IPO raises $1.05 billion as investors bet on AI boom
Data center provider Csquare successfully raised $1.05 billion in its United States initial public offering. Investors continue to support companies poised to benefit from the artificial intelligence boom. The Dallas-based company sold fifty million shares at twenty-one dollars each. Growing demand for AI computing infrastructure boosted investor interest in data center operators. Proceeds will be used to repay outstanding indebtedness and cover…
The Norfolk Daily News
Csquare, Inc. Announces Pricing of Initial Public Offering
DALLAS, July 16, 2026 /PRNewswire/ -- Csquare, Inc. ("Csquare") today announced the pricing of its initial public offering of 50,000,000 shares of its common stock at an initial public offering price of $21.00 per share. Csquare has granted the underwriters…
Brookfield-backed Csquare prices IPO at $21 per share, Bloomberg News reports
July 15 (Reuters) - Data center provider Csquare priced its initial public offering at $21 per share, Bloomberg News reported on Wednesday, citing sources. Brookfield the Dallas-based company's backer, is considering buying a portion of the offering,...
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