Brookfield-backed Csquare valued at $3.24 billion as shares fall in NYSE debut
A banner for Brookfield-backed data center provider Csquare Inc. is displayed during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., July 16, 2026. REUTERS/Brendan McDermid
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July 16 : Brookfield-backed data center provider Csquare was valued at $3.24 billion after its shares fell 0.5 per cent in their NYSE debut on Thursday.
Shares opened at $20.9 after the Dallas-based company priced its IPO at $21 per share, below their marketed range of $23 to $27, raising $1.05 billion by selling 50 million shares.
The debut underscores investors’ caution toward new listings, even for companies benefiting from booming AI-driven data center demand, as markets scrutinize valuations and pricing.
Founded in 2019, Csquare owns and operates data centers across North America and Europe, providing space, power and connectivity services to enterprise customers, cloud providers and telecommunications companies.
Source: Reuters
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