Switch Targets Valuation Above 50 Billion Dollars
Data center developer Switch is reportedly in talks with private equity firms including KKR and Brookfield Asset Management to raise billions in new capital. The funding round could value the company at over 50 billion dollars and potentially lead to an initial public offering as early as next year.
Insights:
Switch is in talks to raise billions of dollars at a valuation exceeding $50 billion, according to people familiar with the matter. This potential capital raise follows an uptick in data center dealmaking driven by rapid growth in artificial intelligence. A successful round could position the developer for an IPO in the United States as early as next year.
