Data center company Csquare files confidentially for U.S. IPO, Bloomberg says

Csquare filed confidentially for a U.S. initial public offering, a signal that more data center companies are lining up to sell shares for the first time over the coming year, Bloomberg’s Bailey Lipschultz report. The provider of colocation and data center services announced on Friday that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission. The Brookfield Infrastructure Partners (BIP)-backed company joins a rush of new listings as the companies building out the backbone to support AI’s energy needs seek to raise funds, the author notes. Amazon (AMZN)-backed X-Energy (XE), which uses nuclear reactors to power AI, raised roughly $1B this week while Blackstone (BX) plans to raise about $2B for its new data-center acquisition vehicle.

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