After a wave of privatizations in 2021-2022, the data center industry is once again turning to public markets. Recently listed or IPO-bound companies include Blackstone Digital Infrastructure Trust, Csquare, Fermi, Switch, DayOne, SB Energy, and Nscale, among them CyrusOne and Switch, which had previously been privatized. Industry leaders indicate that this trend is not driven by a single factor, but rather by the immense capital demand—trillions of dollars—for AI infrastructure development. Companies are seeking diversified financing strategies, including IPOs to address specific liquidity issues and private equity exit needs.