Switch IPO Signals Data Center Sector’s Public Market Shift

Data center operator Switch is planning an IPO that could raise up to $10 billion, valuing the company near $80 billion, according to a report from CRE Daily syndicated on Yahoo Finance. The move marks a significant reversal from the 2021-2023 period when major data center firms, including Switch, were taken private by private equity and pension funds. Switch, headquartered in Las Vegas, has selected Goldman Sachs and JPMorgan Chase as lead underwriters and may go public as early as Q4 2026. The company operates large-scale renewable-powered data center campuses across the U.S. and recently expanded its debt facility to $9.5 billion to support AI-driven growth. The IPO follows a broader flurry of public offerings in the digital infrastructure space, including Blackstone's Digital Infrastructure Trust, Brookfield-backed CSquare, and SoftBank-backed SBEnergy, as private capital sources become more constrained. The article positions Switch's listing as a bellwether for the sector's shift back toward public markets for long-term growth capital.