Switch Confidentially Files for IPO as AI Data-Center Valuation Could Approach $80 Billion
Data-center operator Switch has reportedly confidentially filed for a U.S. IPO that could eventually raise up to $10 billion at a valuation approaching $80 billion including debt.
Why it matters: A Switch IPO near the reported valuation would provide a major market benchmark for how aggressively investors are pricing scarce power-connected data-center capacity.
Data-center operator Switch has reportedly filed confidentially for a U.S. initial public offering as investor demand for companies supplying infrastructure to the artificial-intelligence boom continues to accelerate. Reuters reported that Switch could seek to raise as much as $10 billion as soon as the fourth quarter and could target a valuation approaching $80 billion, including debt. Switch operates large-scale data-center campuses providing the electricity, cooling and connectivity required for cloud computing and GPU-based AI clusters. The filing has not been publicly confirmed by Switch, and the size, timing and valuation of any eventual offering could change.