The Texas-based data-centre company plans to issue 50 million shares valued between US$23 and US$27 apiece in its public offering on the New York Stock Exchange. The IPO could bring the company’s value to nearly US$4.2 billion. (The Logic)

Talking point: Csquare is majority-owned by asset management giant Brookfield, which built the company through a series of acquisitions and mergers starting in 2019. Brookfield will retain about 67 per cent voting power following Csquare’s IPO. The company, which operates 64 data centres across the U.S., U.K. and Canada, said it plans to use most of the money from the IPO to repay debt and some for corporate purposes, such as acquisitions and capital expenditures. The offering comes as investors continue pouring money into companies tied to the AI infrastructure boom, including through a string of public listings benefitting from strong demand for computing capacity.