Csquare Inc., a retail colocation data center operator backed by Brookfield Infrastructure Partners, has filed to go public on the New York Stock Exchange with plans to raise up to $1.35 billion. The company publicly filed its S-1 registration statement with the SEC on June 16, trading under the ticker CSQR, in what would be one of the larger infrastructure IPOs this year.
Csquare is the product of Brookfield stitching together two established operators, Evoque Data Center Solutions and Cyxtera Technologies, in a 2024 merger. The result is a company with over 64 sites across the US, Canada, and the UK, delivering 389 megawatts of electrical capacity to roughly 1,700 customers.
What Csquare actually does
Csquare operates in the retail colocation space. The company’s facilities run at an average rack density of approximately 7.6 kW, but can support up to 150 kW per rack for AI workloads.
Financially, the trajectory looks solid on the top line. Revenue for Q1 2026 came in at $270.5 million, up from $232.8 million in Q1 2025. That’s roughly 16% year-over-year growth. The company generates an estimated $500 million to $600 million in annual EBITDA, according to market reports.
