Brookfield-backed Csquare set for New York debut after $1.05 billion IPO
CSQR•Csquare set for New York debut after pricing IPO below range
** Brookfield-backed data center firm Csquare CSQR.N is set for its New York debut later on Thursday after its $1.05 billion U.S. IPO.
** The stock was indicated to open at $21.50-$22.50 apiece versus the $21 IPO price.
** Csquare sold 50 million shares in the IPO at $21 apiece, below the marketed range of $23 to $27.
** Brookfield BN.TO formed Csquare, formerly Centersquare, in 2024 by combining Evoque and Cyxtera.
** CSQR operates data centers located in 21 major metropolitan markets across the U.S., Canada and the UK.
** It competes against Equinix EQIX.O, DataBank, CoreSite, Digital Realty Trust DLR.N, CyrusOne, Switch, TierPoint, Flexential and Cologix.
** Certain entities managed by Brookfield Wealth Solutions BNT.N agreed to purchase 3 million CSQR shares from the offering.
** Overall, entities managed by Brookfield Wealth Solutions and investors introduced to underwriters by Brookfield agreed to buy $250 million of shares from the offering.
