Data Center Firm Csquare Files Confidentially for US IPO

Csquare filed confidentially for a US initial public offering, a signal that more data center companies are lining up to sell shares for the first time over the coming year.

The Dallas-based provider of colocation and data center services announced on Friday that it had submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission. The number of shares to be registered as well as the price range have not yet been determined, the company said.

The Brookfield Infrastructure Partners-backed company joins a rush of new listings as the companies building out the backbone ...