Csquare, a Dallas-based data center colocation company, has filed a confidential S-1 registration statement with the SEC and applied to list its shares on the New York Stock Exchange under the ticker CSQR.
What Csquare actually does
The company operates approximately 80 facilities across 30 markets, totaling around 3.5 million square feet of operational space and more than 500 MW of power capacity. Csquare runs the buildings where servers live, offering colocation and wholesale data center services to businesses that need reliable, scalable compute infrastructure without building their own facilities from scratch.
The company is backed by Brookfield Infrastructure Partners. Brookfield had previously explored dual-track exit options for Csquare, considering both an IPO and an outright equity sale before settling on the public markets path. The projected EBITDA target discussed during those explorations was approximately $600M. Morgan Stanley and TD Securities are advising on the process.
The IPO mechanics so far
