Episode Details

CSquare, the Brookfield-backed data center giant, is gearing up for a major IPO aiming to raise up to $1.35 billion—with a potential valuation north of $4.1 billion. The funds will help pay down heavy debt, including a sizable chunk owed to Brookfield. Formed in 2019 via the merger of Cyxtera and Evoque, CSquare already operates 60+ facilities across the U.S., Canada, and the U.K., and just spent $1 billion on 10 new sites last fall to fuel AI and cloud growth. With rivals like Blackstone also eyeing public listings, the data center IPO race is heating up as digital infrastructure demand surges.

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