Csquare IPO priced at $21

Csquare, Inc., a North American digital infrastructure platform providing carrier-neutral colocation and interconnection services, priced its initial public offering of 50 million shares of common stock at $21.00 per share on July 16, 2026. The shares began trading on the New York Stock Exchange under the ticker symbol CSQR. The offering is expected to close on July 17, 2026. Gross proceeds are approximately $1.05 billion, or $1.21 billion if underwriters fully exercise their over-allotment option. The company intends to use net proceeds to repay a portion of its outstanding indebtedness and pay offering expenses. The underwriting syndicate is led by Morgan Stanley and Meritz Securities, with several other major banks as joint book-runners and co-managers. Csquare operates data centers across major metropolitan markets in the United States, Canada, and the United Kingdom.