Data centre operator Csquare has set a target valuation of up to US$4.18 billion for its upcoming initial public offering in the United States.
The company, backed by global investment firm Brookfield Asset Management, plans to raise up to US$1.35 billion through the offering.
Brookfield will retain control of approximately 67% of the company’s voting power post-listing, ensuring continued strategic alignment with its parent’s infrastructure portfolio.
Brookfield will retain control of approximately 67% of the company’s voting power post-listing, ensuring continued strategic alignment with its parent’s infrastructure portfolio.
The move underscores the persistent market enthusiasm for digital infrastructure equities tied to the artificial intelligence boom.
Investors are increasingly seeking direct exposure to the physical layer of the AI supply chain, driving valuations higher for companies with scalable data centre assets.
Csquare’s pricing reflects this premium, positioning it as a significant new entrant in a crowded but high-demand sector.