Csquare announced the launch of its initial public offering of 50 million shares of common stock. The expected IPO price range is $23 to $27 per share.
The company expects to grant the underwriters a 30-day option to purchase up to an additional 7.5 million shares of common stock at the IPO price, less underwriting discounts and commissions. The shares are expected to trade on the New York Stock Exchange under the ticker symbol “CSQR.”
Csquare expects to receive gross proceeds of approximately $1.15 billion to $1.35 billion from the offering before underwriting discounts and commissions. If the underwriters exercise their over-allotment option in full, gross proceeds are expected to range from approximately $1.3225 billion to $1.5525 billion.
The company plans to use a portion of the net proceeds to repay part of its outstanding indebtedness. Csquare also plans to use proceeds to pay fees and expenses related to the offering, with the remaining net proceeds going toward general corporate purposes.
Morgan Stanley and TD Securities are serving as representatives of the underwriters. The underwriting syndicate is led by Morgan Stanley, TD Securities, Wells Fargo Securities, BofA Securities, BMO Capital Markets, and Scotiabank as joint lead book-running managers.
Jefferies, J.P. Morgan, RBC Capital Markets, and Societe Generale are serving as joint book-running managers. Brookfield Capital Solutions, CIBC Capital Markets, National Bank of Canada Capital Markets, and PNC Capital Markets are serving as co-managers.
Csquare is a North American digital infrastructure platform providing carrier-neutral colocation and interconnection services. The company supports applications powering the modern economy through a portfolio of data centers across major metropolitan markets in the U.S., Canada, and the U.K.
Csquare serves enterprise, network, cloud, and technology customers. Its facilities provide secure space, resilient power, advanced cooling, and dense connectivity ecosystems for customers operating critical IT infrastructure.
The company’s platform supports hybrid cloud architectures, latency-sensitive applications, and emerging AI-enabled use cases. Headquartered in Dallas, Csquare focuses on reliability, operational excellence, and long-term customer partnerships across its portfolio.
A registration statement on Form S-1 has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold, and offers to buy may not be accepted, before the registration statement becomes effective.
