Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
Data center developer Switch is reportedly in discussions to raise billions of dollars, aiming for a valuation exceeding $50 billion. The fundraising could potentially pave the way for an initial public offering as early as next year. Notable investors in talks include Brookfield Asset Management and KKR, with Goldman Sachs and JP Morgan assisting in the fundraising efforts.
- ▪Switch is in talks to raise funds at a valuation of at least $50 billion.
- ▪Brookfield Asset Management and KKR are among the investors interested in the fundraising round.
- ▪Goldman Sachs and JP Morgan are working with Switch on the fundraising efforts.
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