Switch reportedly seeking billions in private funding at $50B+ valuation, IPO possible next year
By
Arundhati Sarkar
Summary
Data center developer Switch is reportedly in talks to raise billions of dollars at a valuation of at least $50 billion. Private equity firms Brookfield Asset Management and KKR, along with other institutional investors, are involved in the discussions. The report also suggests that an IPO could follow next year.
Source
bskySwitch reportedly seeking billions in private funding at $50B+ valuation, IPO possible next yearseekingalpha.comKey quotes
· 3 pulledData center developer Switch is said to be in talks to raise billions of dollars at a valuation of at least $50B.
Brookfield Asset Management (BAM), KKR (KKR), and other private equity and institutional investors have been in talks
Switch is in talks to raise billions at a $50B+ valuation with Brookfield, KKR and others—IPO could come next year.
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