Csquare Inc., a data center company backed by Brookfield Corp., is seeking to raise up to US$1.35 billion through an initial public offering in the United States, according to reports. The offering is expected to value the company at as much as about US$4.18 billion, depending on pricing and demand.
Both outlets describe the IPO as a growth and capital-raising effort for Csquare’s data center operations. Brookfield’s involvement is also a central feature of the transaction. Bloomberg and the Globe and Mail both note Brookfield’s significant ownership and control position, with the Globe and Mail specifically reporting that Brookfield will hold roughly 67% of the company’s voting power.
The reports do not indicate final pricing, the IPO timetable, or the specific share quantity in the excerpts provided. The size and valuation targets are presented as “up to” figures, meaning the final terms are expected to be set closer to or at the time of pricing.
