Data centre firm Switch confidentially files for US IPO: Bloomberg

Data centre firm Switch ​filed confidentially ​for a US initial public ​offering, Bloomberg News reported on Friday, citing people familiar with the matter.

Reuters ‌has previously ⁠reported, ⁠citing sources, that the company ​could raise up to $10 billion as soon ​as the fourth quarter at close to a $80 billion valuation, including ​debt.

Switch did not ⁠immediately respond ‌to a Reuters ​request for ​comment on the Bloomberg ⁠report. Reuters could not independently ​verify the report.


The company operates large-scale data centre campuses that provide power, cooling and connectivity needed for AI computing, enabling cloud providers and enterprises ‌to deploy GPU clusters used to train and run AI models.

Demand for ⁠such infrastructure has surged as companies invest heavily in AI, driving interest ​in data centre operators and other firms that support the computing backbone of the technology.