KKR (KKR) and Brookfield Asset Management (BAM) are among investors in discussions with Switch to invest in the data center developer's fundraising round at a valuation of at least $50 billion, The Information reported Thursday, citing people familiar with the matter.
The fundraising round could set up Switch for an initial public offering, which could happen as early as 2027, according to the report.
KKR and Brookfield Asset Management did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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