Csquare files IPO prospectus for up to 50M shares

Csquare, Inc. filed a registration statement on Form S-1 with the Securities and Exchange Commission to launch an initial public offering. The company aims to raise gross proceeds of approximately $1,150.0 million to $1,350.0 million through the issuance of 50,000,000 shares of common stock. The shares are expected to trade on the New York Stock Exchange under the ticker symbol "CSQR" with an anticipated price range of $23.00 to $27.00 per share.

The underwriters have been granted a 30-day option to purchase up to an additional 7,500,000 shares to cover over-allotments. If this option is exercised in full, the total gross proceeds could increase to a range of approximately $1,322.5 million to $1,552.5 million. Csquare plans to allocate a portion of the net proceeds to repay outstanding indebtedness and pay offering-related fees, with the remaining funds used for general corporate purposes.

Offering Details

Metric	Value
Shares offered	50,000,000
Over-allotment option	7,500,000 shares
Price range	$23.00 – $27.00 per share
Gross proceeds (base)	$1,150.0 million – $1,350.0 million
Gross proceeds (full option)	$1,322.5 million – $1,552.5 million

Underwriting Syndicate

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

Regulatory Status

The registration statement on Form S-1 has been filed but has not yet become effective. The securities may not be sold nor may offers to buy be accepted until the registration statement becomes effective. The offering will be conducted only by means of a prospectus once the statement is effective.

Csquare, Inc. has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. The company intends to list its shares on the New York Stock Exchange under the ticker symbol CSQR. The number of shares to be offered and the price range have not yet been determined.

The offering will be managed by a syndicate of underwriters led by Morgan Stanley and TD Securities as representatives. 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 will act as joint book-running managers, while Brookfield Capital Solutions, CIBC Capital Markets, National Bank of Canada Capital Markets, and PNC Capital Markets LLC will serve as co-managers.

Underwriting Syndicate

Role	Firms
Representatives	Morgan Stanley, TD Securities
Joint Lead Book-Running Managers	Wells Fargo Securities, BofA Securities, BMO Capital Markets, Scotiabank
Joint Book-Running Managers	Jefferies, J.P. Morgan, RBC Capital Markets, Societe Generale
Co-Managers	Brookfield Capital Solutions, CIBC Capital Markets, National Bank of Canada Capital Markets, PNC Capital Markets LLC

The registration statement has been filed but has not yet become effective. The securities may not be sold nor may offers to buy be accepted until the registration statement becomes effective. The offering will be made only by means of a prospectus.

About Csquare

Csquare is a North American digital infrastructure platform providing carrier-neutral colocation and interconnection services. The company owns and operates a portfolio of data centers across the United States, Canada, and the United Kingdom. Headquartered in Dallas, Texas, Csquare delivers infrastructure solutions to enterprise, network, cloud, and technology customers.