Brookfield-Backed Data-Center Company Csquare Files for IPO

Dow Jones06-17

By Elias Schisgall

Csquare, a data-center company backed by Brookfield, filed for an initial public offering.

The company did not say how many shares it would sell, or at what price, according to a Tuesday filing with the Securities and Exchange Commission. It said Brookfield is expected to retain majority control of the company following the IPO.

Csquare operates 64 data centers with a total capacity of around 389 megawatts of sellable power capacity, according to the filing. It said growing artificial-intelligence adoption should continue to drive data center demand.

The company plans to use proceeds from the IPO to repay its debts and for general corporate purposes.

It said it applied to list its shares on the New York Stock Exchange under the symbol CSQR.

Csquare reported a loss of $119.9 million on $987 million in revenue in 2025, according to the filing. That compares with a profit of $458.5 million on $907.6 million in revenue the previous year.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

June 16, 2026 17:28 ET (21:28 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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