Data center operator Switch, owned by DigitalBridge and IFM Investors, is considering a $40B IPO.

Data center operator Switch, owned by DigitalBridge and IFM Investors, is considering an IPO valued at approximately $40 billion. Currently, discussions are in early stages and depend on market conditions. The company was privatized for $11 billion in 2022. Rising demand for data infrastructure, driven by interest in generative AI, and Switch's commitment to renewable energy since 2016, make it appealing to tech firms focused on sustainability.

September 10, 2024
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