Data center operator Switch launches a $2 billion private financing round, led by a16z
Svmuu News: Data center operator Switch has announced the official launch of a $2 billion private financing round led by a16z. Sources familiar with the matter revealed that Switch’s post-funding enterprise valuation (including debt) may approach $50 billion, with an equity value of approximately $19 billion (excluding new investments).Sources say that a16z will invest approximately $400 million. Additionally, Goldman Sachs Group and JPMorgan Chase are assisting in facilitating this funding round, which may serve as preparation for Switch to conduct an initial public offering (IPO) as early as next year. (Bloomberg)
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