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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
Aug 7, 2026 3:25 PM

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.

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