SWITCH INC. CL.A DL-,001

Switch has confidentially filed for a US IPO that Bloomberg says could take place as early as November. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are expected to lead the offering. The company is targeting a valuation of about $50 billion including debt; at the same time Switch is negotiating financing led by Andreessen Horowitz and expects Ben Horowitz to join the board. The move would come four years after the takeover by DigitalBridge and amid strong investor demand for AI infrastructure. » Más en de.investing.com

Switch is conducting a private placement of about $2 billion led by Andreessen Horowitz that could value the company at nearly $50 billion including debt. Andreessen Horowitz is expected to put in roughly $400 million, and Goldman Sachs and JPMorgan Chase are working on the financing. The round comes amid strong AI-driven demand for data centers and could precede a possible IPO next year, but talks and terms are not yet final. » Más en de.investing.com