Key facts
- Switch is in talks to raise billions of dollars at a valuation of at least $50 billion.
- Brookfield Asset Management and KKR are among potential investors.
- The fundraising could lead to an IPO as early as next year.
- Goldman Sachs and JP Morgan are advising Switch on the fundraise.
Data center developer Switch is reportedly in discussions to raise billions of dollars at a valuation of at least $50 billion. Potential investors in this significant fundraising round include Brookfield Asset Management, KKR, and other private equity and institutional investors. Goldman Sachs and JP Morgan are advising Switch on the fundraise. According to The Information, this move could be a precursor to an initial public offering (IPO) for Switch, potentially occurring as early as next year. Dealmaking in the data center and server industry has seen an uptick due to the rapid growth of artificial intelligence. Switch, founded in 2000 and headquartered in Las Vegas, Nevada, counts Nvidia, FedEx, Tesla, and Logitech among its clients.