Brookfield-backed Csquare set for New York debut after $1.05 billion IPO
BUZZ-Brookfield-backed Csquare set for New York debut after $1.05 billion IPO ** Brookfield-backed data center firm Csquare CSQR.N set for New York debut later on Thursday after $1.05 billion U.S. IPO
** Stock indicated to open at $21.50-$22.50 apiece vs $21 IPO price
** CSQR sold 50 million shares in IPO at $21 apiece, below marketed range of $23 to $27
** Brookfield BN.TO formed Csquare, formerly Centersquare, in 2024 by combining Evoque and Cyxtera
** CSQR operates data centers located in 21 major metropolitan markets across the U.S., Canada and the UK
** It competes against Equinix EQIX.O, DataBank, CoreSite, Digital Realty Trust DLR.N, CyrusOne, Switch, TierPoint, Flexential and Cologix
** Certain entities managed by Brookfield Wealth Solutions BNT.N agreed to purchase 3 million CSQR shares from offering
** Overall, entities managed by Brookfield Wealth Solutions and investors introduced to underwriters by Brookfield agreed to buy $250 million of shares from offering
(Reporting by Arasu Kannagi Basil in Bengaluru)
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