Data-Center Operator Switch Files Confidentially for US IPO, Eyes ~$50B Valuation With Ben Horowitz Joining Board

Las Vegas-based data-center operator Switch, which was taken private by DigitalBridge and IFM Investors for $11 billion in 2022, has filed confidentially for a US IPO that could hit the market as early as November, per Bloomberg. Bankers are targeting a valuation of roughly $50 billion including debt, and Andreessen Horowitz co-founder Ben Horowitz is expected to join the board — part of a broader a16z-led private funding round targeting about $2 billion also underway.