Colocation provider Csquare has gone public on the New York Stock Exchange, raising more than $1 billion but missing its target of $1.35 billion.
Yesterday, the Brookfield-owned data center firm announced the initial public offering (IPO) of 50 million shares would be priced at $21 per share, below the $23 to $27 per share it had been marketing.
– Google Street View
The IPO closed at $20.67, with the firm valued at $3.2 billion. Csquare could have been valued at nearly $4.2 billion if shares had been sold at the higher end of its marketed range.
Csquare, originally Centersquare, was formed in April 2024 via a merger between Cyxtera and Evoque under Brookfield.
