Aug. 8 at 9:06 PM
$DBRG Switch Reportedly Preparing Confidential IPO Filing, Could Seek Nearly
$50B Valuation
Switch, the data center operator majority owned by DigitalBridge Group, is reportedly preparing to file confidentially for an IPO that could take place as soon as November. The Las Vegas-based company operates data centers across Nevada, Michigan, Georgia, and Texas and is working with Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley on the potential listing. Switch has also been working on a funding round led by Andreessen Horowitz and could seek a valuation approaching
$50 billion including debt, while a16z co-founder Ben Horowitz is reportedly joining the company's board.