Data center firm Switch taps banks for IPO that could value it up to $80 billion

Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.

Goldman Sachs and JPMorgan Chase have been tapped as lead underwriters for the offering, the people said. The size, timing and valuation remain under discussion and could still change, the ‌sources said, requesting ⁠anonymity because ⁠the deliberations are confidential.