Cyxtera

North Texas data center firm valued at $3.2B after lukewarm stock market debut$

Coppell-based data center provider Csquare made its stock market debut, pricing its initial public offering below its target range and achieving a $3.2 billion valuation. The IPO proceeds are primarily designated for debt repayment, despite the company reporting losses amid growing revenue. The company plans to fund future growth through existing cash flows and debt financing, capitalizing on demand for AI infrastructure.