Backed by Infrastructure Giant Brookfield, Csquare Officially Rushes to US IPO: Operating 80 Data Centers Across 30 Global Cities

Wallstreetcn
2026.04.24 19:36

Csquare announced on Friday that it has secretly submitted a draft S-1 form to the U.S. Securities and Exchange Commission (SEC), officially launching its U.S. listing process. Backed by Brookfield, one of the world's largest infrastructure investment firms, the company currently operates 80 data centers across 30 cities globally. The number of shares to be issued and the pricing range remain undetermined

The wave of IPOs in the data center sector gains new momentum.

Dallas-based data center service provider Csquare announced on Friday that it has secretly submitted a draft S-1 form to the U.S. Securities and Exchange Commission (SEC), officially initiating its U.S. listing process.

The company is backed by infrastructure giant Brookfield Infrastructure Partners and currently operates 80 data centers across 30 global markets. The number of shares to be issued and the pricing range remain undetermined.

This filing comes amid a surge in AI infrastructure construction driving data center companies to rush toward capital markets. This week, X-Energy Inc., an AI-powered nuclear energy supplier supported by Amazon, completed approximately $1 billion in financing; Blackstone Group also announced plans to raise about $2 billion for a new data center acquisition platform.

Global Footprint: 80 Data Centers Across 30 Cities

According to the company’s official website, Csquare currently operates 80 data centers across 30 global markets, covering core hub cities such as New York, Los Angeles, and London, providing colocation and comprehensive data center services.

Previously known as Centersquare, the company completed the acquisition of 10 data centers last October, with an enterprise value of $1 billion, further expanding its asset base.

The endorsement from Brookfield Infrastructure Partners also provides strong support for Csquare in integrating global infrastructure resources.

Strategic Considerations Behind the Public Secret Filing

Companies often choose secret filings to retain greater control during the listing process while avoiding potential reputational risks associated with public disclosure.

This approach allows the company to communicate with regulators and respond to SEC feedback without external scrutiny.

However, Csquare’s decision to publicly announce this secret filing carries additional strategic intent. Publicly declaring a secret filing can help shape market expectations and gauge institutional investor interest, effectively serving as a pre-roadshow warm-up.

Currently, Csquare has not disclosed the number of shares to be issued or the pricing range, and no specific timeline for the listing has been announced.

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