Csquare, a Dallas-based data center provider, is targeting a valuation of up to $4.18 billion in its US initial public offering. The company plans to raise up to $1.35 billion in the IPO by offering 50 million shares at $23 to $27 apiece.
Company Overview
Csquare owns and operates 64 data center sites across 21 metropolitan markets in North America and the UK, providing co-location and connectivity services to enterprises, cloud providers, and telecommunications companies.
The company intends to use most of the IPO proceeds to repay debt, with the remainder allocated for general corporate purposes, including acquisitions, working capital, and capital expenditures. After the offering, Brookfield will control about 67% of Csquare’s voting power through entities it manages or controls.
Csquare intends to list on the New York Stock Exchange under the ticker symbol “CSQR”. Morgan Stanley, TD Securities, Wells Fargo Securities, and BofA Securities are among the underwriters to the offering.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
