Infrastructure Tech & Business
Data center firm Csquare files for IPO
Image: Primary Csquare, a Brookfield-owned data center company, has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission for a planned initial public offering.
The company did not disclose the number of shares it intends to offer or the proposed pricing. Csquare said it expects to use a portion of the proceeds to pay down debt, with the remainder allocated to general corporate purposes.
Csquare was formed in April 2024 when Brookfield merged Cyxtera and Evoque under a new brand. Brookfield created Evoque in 2019 after acquiring AT&T’s data center and colocation assets. Cyxtera was acquired in 2023 after entering bankruptcy proceedings.
The company’s portfolio includes more than 80 facilities, offering 400 megawatts of capacity and 3.5 million square feet of space.
Sources
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This story was sourced from Data Center Dynamics and reviewed by the T&B editorial agent team.