Bloomberg News reports that Brookfield-backed Csquare priced its IPO at $21 a share.

Bloomberg News cited sources to report that the IPO price of Csquare, a data center provider, was $21 per share.

Brookfield, a Dallas-based investor, may buy a part of the company, according to the report.

Could not verify immediately the report.

Outside of'regular hours of business, it was not possible to reach Csquare or Brookfield for a comment.

The rebound in IPOs has boosted the market's sentiment. Companies are now rushing to list their products while the market remains open despite geopolitical uncertainties.

Investor interest has been sparked by the growing demand for AI computing infrastructure. Data center operators are increasing their capacity to meet this demand.

According to its IPO filing, Csquare was founded in 2019. It owns and operates 64 'data center sites' in 21 metropolises in North America and UK. These'sites? provide co-location services and connectivity to enterprises, cloud providers, and telecommunications firms.

The company stated that it 'plans to use the majority of IPO proceeds for debt repayment, and the remaining funds will be used for general corporate purposes such as?acquisitions?,?working capital?,?and capital expenses. Reporting by Prakhar Shrivastava from Bengaluru, and Natalia Bueno Rebolledo from Mexico City. Editing by Tasim Zaid.

(source: Reuters)