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Switch Data Centers in Talks with Banks for Potential Initial Public Offering
Switch, the company that operates data centers supporting artificial intelligence infrastructure, plans to conduct an initial public offering (IPO) of up to $10 billion, which could raise its valuation to approximately $80 billion including debt. This IPO is expected to be one of the largest offerings in the U.S. market in recent years, amid growing investor interest in AI infrastructure companies. The company places significant emphasis on renewable energy, strengthening its position in a sector aiming to reduce carbon emissions.
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