Aug 7 (Reuters) - Data center firm Switch filed
confidentially for a U.S. initial public offering, Bloomberg
News reported on Friday, citing people familiar with the matter.
Reuters has previously reported, citing sources, that the
company could raise up to $10 billion as soon as the fourth
quarter at close to a $80 billion valuation, including debt.
Switch did not immediately respond to a Reuters request for
comment on the Bloomberg report. Reuters could not independently
verify the report.
The company operates large-scale data center campuses that
provide power, cooling and connectivity needed for AI computing,
enabling cloud providers and enterprises to deploy GPU clusters
used to train and run AI models.
Demand for such infrastructure has surged as companies
invest heavily in AI, driving interest in data center operators
and other firms that support the computing backbone of the
technology.