Data center firm Switch submits paperwork for a potential public debut as soon as next month, sources say.
Data center operator Switch has confidentially filed for a US initial public offering, with a potential listing targeted for November. The move follows growing investor interest in cloud infrastructure and digital real estate assets amid rising demand for data storage and computing power.
The company’s IPO plans come after a period of rapid expansion in the data center sector, driven by increased cloud adoption and AI-driven workloads. No details on valuation or share size were disclosed. Bank of America is reportedly involved in the offering.
Markets have seen a resurgence in tech IPOs this year, though volatility remains a concern for high-growth firms.