Switch in talks to explore IPO at $40B valuation - report

seekingalpha09-10

Data center operator Switch was reportedly looking at an initial public offering, which could value the company at ~$40B, including debt. The talks of the potential IPO are at an early stage, Reuters ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466456397?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299608214/image_1299608214.jpg","is_english":true,"pubTime":"2024-09-10 21:24","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2466456397","market":"sh","top_or_hot":-1,"title":"Switch in talks to explore IPO at $40B valuation - report","media":"seekingalpha","content":"<div>\n<p>Data center operator Switch was reportedly looking at an initial public offering, which could value the company at ~$40B, including debt. The talks of the potential IPO are at an early stage, Reuters ...</p>\n\n<a href=\"https://seekingalpha.com/news/4148350-switch-in-talks-to-explore-ipo-at-40b-valuation-report\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Switch in talks to explore IPO at $40B valuation - report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSwitch in talks to explore IPO at $40B valuation - report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-10 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4148350-switch-in-talks-to-explore-ipo-at-40b-valuation-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Data center operator Switch was reportedly looking at an initial public offering, which could value the company at ~$40B, including debt. The talks of the potential IPO are at an early stage, Reuters ...</p>\n\n<a href=\"https://seekingalpha.com/news/4148350-switch-in-talks-to-explore-ipo-at-40b-valuation-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4116","symbol_name":"互联网服务与基础架构","start_time":0,"source_url":"https://seekingalpha.com/news/4148350-switch-in-talks-to-explore-ipo-at-40b-valuation-report","article_id":"2466456397","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299608214/image_1299608214.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466456397","pubTimestamp":1725974688,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Data center operator Switch was reportedly looking at an initial public offering, which could value the company at ~$40B, including debt. The talks of the potential IPO are at an early stage, Reuters reported, citing people familiar with the matter. No final decisions have been taken yet.  There has been a surge in demand for data centers and other infrastructure in the recent times, given the artificial intelligence boom.  The Nevada-based company was founded in 2000 by Rob Roy. The investment firms that own Switch, have held preliminary discussions with investment banks on the possible listing of the stock, which could happen next year, the Reuters report added.  In 2022, funds affiliated DigitalBridge  and an affiliate of IFM Investors had acquired all outstanding common shares of Switch for $34.25 per share in cash, or ~$11 billion in a take private deal.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4116":"互联网服务与基础架构","DBRG":"DigitalBridge Group, Inc.","BK4233":"房地产运营公司","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4205":"房地产经营公司","BK4160":"多样化房地产投资信托v","SWCH":"Switch Inc.","BK4513":"直播概念"},"translate_title":"Switch加入谈判，探索估值为$40B的IPO-报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBRG":1,"SWCH":1},"content_text":"Data center operator Switch was reportedly looking at an initial public offering, which could value the company at ~$40B, including debt. The talks of the potential IPO are at an early stage, Reuters reported, citing people familiar with the matter. No final decisions have been taken yet.  There has been a surge in demand for data centers and other infrastructure in the recent times, given the artificial intelligence boom.  The Nevada-based company was founded in 2000 by Rob Roy. The investment firms that own Switch, have held preliminary discussions with investment banks on the possible listing of the stock, which could happen next year, the Reuters report added.  In 2022, funds affiliated DigitalBridge (DBRG) and an affiliate of IFM Investors had acquired all outstanding common shares of Switch for $34.25 per share in cash, or ~$11 billion in a take private deal.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466456397"}