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AI News from ET - Csquare IPO raises $1.05 billion as investors bet on AI boom

Vishwadeep Khatri
in AI News & Two Lenses

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Data center provider Csquare successfully raised $1.05 billion in its United States initial public offering. Investors continue to support companies poised to benefit from the artificial intelligence boom. The Dallas-based company sold fifty million shares at twenty-one dollars each. Growing demand for AI computing infrastructure boosted investor interest in data center operators. Proceeds will be used to repay outstanding indebtedness and cover offering expenses.

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