Overview
- Csquare priced 50 million shares at $21.00 per share and expects New York Stock Exchange trading under the symbol CSQR to begin Thursday, July 16, 2026.
- The deal should raise about $1.05 billion in gross proceeds and includes a 30-day underwriter option to sell an extra 7.5 million shares that would lift proceeds to about $1.2075 billion if exercised.
- The company plans to use roughly 75% of net IPO proceeds to pay down part of its roughly $5.4 billion of debt and finance leases reported as of June 30.
- Csquare is a carrier‑neutral colocation operator with 64 data centers and roughly 380–389 megawatts of capacity that sells space, power and connectivity to customers who supply their own servers and GPUs.
- Brookfield will retain about 67% of voting control after the offering, and the $21 price came in below the previously marketed $23–$27 range, a signal of cooler investor demand for some AI‑linked listings.