Skip to content
Monday, 9 November 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Switch Confidentially Files for Landmark US IPO Targeting Up to $80 Billion Valuation

By Tim Clark3 min read

Las Vegas, 7 August 2026 – Digital infrastructure provider Switch has confidentially submitted regulatory filings for an initial public offering in the United States, positioning the high-density data center operator for one of the largest technology market debuts of the decade. The confidential filing marks a major step toward a public market return that could raise up to $10 billion as soon as the fourth quarter of 2026, valuing the company at up to $80 billion including debt.

The planned public offering is being coordinated alongside lead financial advisers including Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, and Morgan Stanley. Switch, which was taken private in 2022 by DigitalBridge and IFM Investors in an $11 billion transaction, has been expanding its capital structure to support surging enterprise demand for artificial intelligence compute infrastructure. As part of its pre-IPO capital alignment, venture capital firm Andreessen Horowitz has led a strategic investment round, with co-founder Ben Horowitz joining Switch’s board of directors.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • Tim Clark

    Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.