Data center firm Switch confidentially files for US IPO, Bloomberg News reports

Aug 7 (Reuters) - ⁠Data center firm Switch filed confidentially ⁠for a U.S. initial public ‌offering, Bloomberg News reported on Friday, citing people familiar with the matter.

Reuters has previously reported, ​citing sources, that the ⁠company could raise ⁠up to $10 billion as soon as the ⁠fourth ‌quarter at close to a $80 billion valuation, including debt.

Switch ⁠did not immediately respond to a ​Reuters ‌request for comment on the Bloomberg ⁠report. Reuters ​could not independently verify the report.

The company operates large-scale data center campuses ⁠that provide power, cooling ​and connectivity needed for AI computing, enabling cloud providers and enterprises to deploy ⁠GPU clusters used to train and run AI models.

Demand for such infrastructure has surged as companies invest heavily ​in AI, driving interest ⁠in data center operators and other ​firms that support the ‌computing backbone of the ​technology.

(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)