Brookfield-backed Csquare prices IPO at $21 per share
Data center services provider Csquare has priced its initial public offering (IPO) at $21 per share, media reported Wednesday, citing sources. The report also said Brookfield, the investor behind the Dallas-based company, is considering subscribing for some of the new shares. Founded in 2019, Csquare owns and operates 64 data center sites in 21 metropolitan markets in North America and the United Kingdom, providing computer room hosting and network connectivity services to enterprises, cloud service providers and telecommunications companies, according to its IPO prospectus. The company said it plans to use most of the proceeds from the IPO to repay debt and the remainder for general corporate purposes, including acquisitions, working capital and capital expenditures.