According to Bloomberg, data center company Switch Inc. has secretly filed for a U.S. IPO, aiming to go public as early as November this year. Switch is working with Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to pursue a valuation of nearly $50 billion. Ben Horowitz, co-founder of Andreessen Horowitz, will join Switch’s board of directors. Switch, headquartered in Las Vegas, is controlled by Digital Bridge Holdings.
Switch Secretly Files for U.S. IPO, Aiming for $50 Billion Valuation
AiCoinShare
Summary
Switch Inc., a data center company, has quietly filed for a U.S. IPO, targeting a $50 billion valuation. The company plans to list as early as November, with underwriters including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Ben Horowitz of Andreessen Horowitz will join the board. Digital Bridge Holdings controls the Las Vegas-based company. The move comes amid ongoing inflation data and growing interest in digital asset news.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.