The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including debt...
NEW YORK - The owners of Switch are exploring an initial public offering of the data center operator that could value it at about $40 billion, including debt, according to people familiar with the matter.
The move comes at a time when investor interest in generative artificial intelligence is sky-rocketing. The AI boom, which has powered chipmakers such as Nvidia and other big tech firms, has turbocharged global demand for infrastructure such as data centers and high-powered servers. Dealmaking in the data center and server industry has also witnessed an uptick in recent months due to the proliferation of AI.
Since January 2016, Switch's data centers have been powered by renewable energy, according to its website. This makes its operations attractive to technology companies, which have environmental impact targets and are attempting to accelerate investments in decarbonization without inhibiting growth involving power-hungry data centers.The global data center boom is expected to produce about 2.
Investment Firms Initial Public Offering Digitalbridge Switch
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