Vantage Data Centers is in early talks about going public in a deal that could value the company at roughly $100 billion and raise around $10 billion, according to a Reuters report. If it happens, it would be the largest data center IPO in history, by a comfortable margin.
The company, backed by private equity heavyweights Silver Lake and DigitalBridge Group, is also weighing a full or partial sale as an alternative path. No formal process has been launched, and there’s a real chance Vantage decides not to pursue any transaction at all.
AI demand rewrites the playbook
Vantage has been on a fundraising tear. The company has pulled in approximately $11 billion since late 2023, including a massive $9.2 billion equity round led by Silver Lake and DigitalBridge.
Vantage recently formed a partnership with Oracle and OpenAI to develop a campus in Wisconsin tied to the Stargate AI infrastructure initiative, a project with a funding proposal that could reach as high as $500 billion.
