Data center operator Csquare has priced its initial public offering at $21 per share, according to reports from Bloomberg News.
The pricing sets the stage for the Dallas-based firm's debut on US public markets, marking a significant liquidity event for the digital infrastructure provider.
The $21 price point aligns with Csquare's previously disclosed target valuation of up to $4.
Brookfield Asset Management, the global investment firm that backs Csquare, is reportedly considering purchasing a portion of the shares in the offering.
This potential move would allow Brookfield to maintain a substantial equity stake in the company even as it transitions to a publicly traded entity.
The decision reflects the backer's confidence in the firm's growth trajectory amid surging demand for data center capacity.
The $21 price point aligns with Csquare's previously disclosed target valuation of up to $4.18 billion.