Csquare IPO raises $1.05 billion as investors bet on AI boom
Data center provider Csquare said on Thursday it raised $1.05 billion in its U.S. initial public offering as investors continued to back companies expected to benefit from the artificial intelligence boom.
The Dallas-based company sold 50 million shares at $21 apiece, below its marketed range of $23 to $27, valuing it at about $3.25 billion.
A rebound in IPO activity has boosted market sentiment, prompting companies to accelerate listings while the issuance window remains open despite geopolitical uncertainty.
