US data center operator Switch is reported to be preparing for an IPO, with a valuation that may reach US$80 billion
The latest news shows that Switch, an American data center operator, has hired an investment bank to prepare for an IPO. It may go public as soon as the fourth quarter of this year, with a financing scale of up to US$10 billion. The company's overall valuation (including debt) is close to US$80 billion. Goldman Sachs and JPMorgan Chase have been selected as lead underwriters for the IPO, people familiar with the matter said. However, the issuance size, listing time and valuation are still under discussion and may change in the future. Based in Las Vegas, Switch was founded in 2000 by CEO Rob Roy.
The latest news shows that Switch, an American data center operator, has hired an investment bank to prepare for an IPO. It may go public as soon as the fourth quarter of this year, with a financing scale of up to US$10 billion. The company's overall valuation (including debt) is close to US$80 billion. Goldman Sachs and JPMorgan Chase have been selected as lead underwriters for the IPO, people familiar with the matter said. However, the issuance size, listing time and valuation are still under discussion and may change in the future. Based in Las Vegas, Switch was founded in 2000 by CEO Rob Roy.