Csquare prices IPO at $21 per share on NYSE

Csquare, Inc. (NYSE: CSQR), a Dallas-based digital infrastructure company, priced its initial public offering of 50,000,000 shares of common stock at $21.00 per share, according to a press release issued July 16, 2026.

The company expects gross proceeds of approximately $1.05 billion before underwriting discounts and commissions. Csquare has granted underwriters a 30-day option to purchase up to an additional 7,500,000 shares at the offering price, which would bring total gross proceeds to approximately $1.21 billion if exercised in full.

Shares were expected to begin trading on the New York Stock Exchange on July 16, 2026, with the offering expected to close July 17, 2026, subject to customary closing conditions.

Csquare said it intends to use net proceeds to repay a portion of its outstanding debt and to cover fees and expenses related to the offering.

Morgan Stanley and TD Securities are serving as representatives of the underwriter syndicate. Joint lead book-running managers include Wells Fargo Securities, BofA Securities, BMO Capital Markets and Scotiabank. Jefferies, J.P. Morgan, RBC Capital Markets and Societe Generale are acting as joint book-running managers, with Brookfield Capital Solutions, CIBC Capital Markets, National Bank of Canada Capital Markets and PNC Capital Markets LLC serving as co-managers.

Csquare owns and operates data centers across major metropolitan markets in the United States, Canada and the United Kingdom, providing colocation and interconnection services to enterprise, network, cloud and technology customers.

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