Csquare Inc. targets up to $1.35 billion in its U.S. initial public offering. The Brookfield Corp.-backed company plans to sell 50 million shares. The company set a price range between $23 and $27 per share. This offering would result in a market valuation of up to $4.18 billion. Csquare applied to list on the New York Stock Exchange under the ticker symbol CSQR.
The company provides carrier-neutral colocation and interconnection services. It operates a portfolio of 64 data centers across the United States, Canada, and the United Kingdom.
Brookfield formed Csquare by merging its Evoque Data Center Solutions and Cyxtera Technologies assets. Brookfield will remain the controlling shareholder following the public offering.