IPOs/New York Stock Exchange/2026/Csquare, Inc.

Csquare, Inc. CSQR

Csquare, Inc. (CSQR) priced its IPO on New York Stock Exchange on July 16, 2026 at $21.00 a share. Csquare provides carrier-neutral colocation and interconnection data center services to more than 1,700 enterprise, network, cloud and technology customers across North America and the United Kingdom. Based in Coppell, TX.

Registered
Priced
TradingYes
Offer price
$21.00
Raised
Not given
Shares offered
50,000,000 shares
Lock-up
180 days
See the prospectus →

The company

Csquare, Inc., based in Coppell, TX, provides carrier-neutral colocation and interconnection data center services to more than 1,700 enterprise, network, cloud and technology customers across North America and the United Kingdom. The company sold 50,000,000 shares at $21.00 per share, listing on the New York Stock Exchange under the ticker CSQR.

Net proceeds of approximately $1,010.0 million will repay in full borrowings under the Revolving Credit Facility, the Promissory Note, the Series 2024-1 Variable Funding Notes and outstanding Series 2020-2 Class A-2 notes. Brookfield holds 69.0% after the offering.

Where the money goes

Repay in full borrowings under Revolving Credit Facility
Repay the Promissory Note
Repay Series 2024-1 Variable Funding Notes
Repay outstanding Series 2020-2 Class A-2 notes

Revenue and results

Revenue, three months ended March 31, 2026$270.5 million
Revenue, three months ended March 31, 2025$232.8 million
Revenue, year ended December 31, 2025$987.0 million
Revenue, year ended December 31, 2024$907.6 million
Revenue, year ended December 31, 2023$198.3 million
Net result, three months ended March 31, 2026net loss of $66.0 million
Net result, three months ended March 31, 2025net loss of $34.9 million
Net result, year ended December 31, 2025net loss of $119.9 million
Net result, year ended December 31, 2024net income of $458.5 million
Net result, year ended December 31, 2023net loss of $79.7 million

The risks it lists first

Portfolio is geographically concentrated; adverse local economic conditions could harm results
Power availability in concentrated markets could materially affect business
Demand for data center space in these markets could decline