09:32 AM EDT, 09/10/2024 (MT Newswires) -- The owners of Switch, a Las Vegas-based data center operator, are weighing an initial public offering that could value the company at about $40 billion including debt, Reuters reported Tuesday, citing people familiar with the matter.

Switch, which counts Nvidia ( NVDA ) , FedEx ( FDX ) and Dell Technologies ( DELL ) among its customers, is in the early stages of talks, the sources reportedly told Reuters, adding that plans are subject to market conditions and no final decisions have been made.

Switch did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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