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"Switch" Data Centers in Talks with Banks for Initial Public Offering

"Switch" Data Centers in Talks with Banks for Initial Public Offering

Switch, the data center operator, is considering an initial public offering that could raise around $10 billion by the end of 2026, potentially valuing the company at approximately $80 billion including debt. The company plans to work with investment banks such as Goldman Sachs and J.P. Morgan Chase to lead the offering, amid market interest in IPO applications fueled by strong demand for AI infrastructure companies. This move is part of a broader trend of a revival in U.S. IPOs, especially as demand for data center services supporting large-scale AI models continues to grow.

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