Csquare — AI IPO watch
Brookfield-backed AI data-center operator — 60+ sites in US, Canada, UK
Filed · S-1 (amended 2026-07-06)What it is
Csquare operates more than 60 data-center sites across the US, Canada and the UK, riding the AI data-center build-out. Its S-1 (CIK 0002105398) has been amended through July 6, 2026 ahead of a planned NYSE listing under the reported ticker CSQR.
The deal, as reported
Reported from the filing: 50 million shares offered at $23–27, raising up to ~$1.35B, valuing the company around $4.2B at the top of the range. Data-center operators are capital-hungry, lease-dependent businesses — the AI theme is real, but so are financing costs and tenant concentration; read the risk factors.
Listed names in the same lane
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Filing existence, form types and dates verified on SEC EDGAR. Deal terms marked "reported" come from the filing via financial media and remain subject to amendment until pricing. Nothing here is an offer, a prediction of a listing, or financial advice.