Data center operator Switch is reportedly approaching investment banks for an initial public offering that could value the company at up to $80 billion, according to sources cited by multiple outlets. The reports say Switch is in the early stages of the process and has begun discussions with banks to arrange the IPO. While details such as the final valuation range, the timing of the listing and the size of the offering are not confirmed in the available excerpts, the sources indicate that valuation expectations could reach as high as $80 billion. The coverage is framed as “exclusive” and based on people familiar with the matter, rather than information released by the company. No figures are provided in the excerpts regarding revenue, profitability, or the specific list of banks involved. The reports present the IPO as a potential event for Switch, a business linked to demand for data center capacity. The information remains subject to change until Switch, the banks, or regulators publish official filings or announcements.
Switch reportedly hires banks for IPO valuing it at up to $80 billion
Data center operator Switch is reportedly approaching investment banks for an initial public offering that could value the company at up to $80 billion, according to sources cited by multiple outlets....
2 sources
2 hours ago
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Key Points
- Switch is reportedly tapping investment banks for an IPO.
- Sources cited by outlets say the IPO could value Switch at up to $80 billion.
- The reports describe the process as being at an early stage, with key terms not yet finalized.
- The information is based on sources familiar with the matter rather than official company statements.
- No confirmed details on IPO timing, offering size, or participating banks appear in the provided excerpts.
How Outlets Covered This Story
CHA
Channel NewsAsia (CNA)
Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
4 hours ago
YAH
Yahoo Finance
Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
4 hours ago
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