Switch in talks to raise billions at $50B+ valuation
In brief
- Switch targets $50B+ valuation in new funding round, over 4x the $11B 2022 acquisition price
- Brookfield Asset Management and KKR have expressed interest in the funding round
- Switch has raised $20B–$24B since 2024 through debt and securitized financing
- Company exploring potential public listing as early as 2027
Rising Valuations in Data Center Infrastructure
The data center giant, taken private for $11B just three years ago, is now reportedly worth more than four times that amount thanks to insatiable AI infrastructure demand. The valuation leap reflects broader market appetite for compute and storage capacity as artificial intelligence workloads expand globally.
The funding round has attracted interest from heavyweight institutional investors including Brookfield Asset Management and KKR. Both firms bring significant capital and infrastructure expertise to the table, signaling confidence in Switch's growth trajectory.
Capital Raise and Financing Strategy
Switch has been aggressive on the capital front since 2024. The company has raised an estimated $20 billion to $24 billion through various debt instruments and securitized financing vehicles, including a $768 million asset-backed securities issuance completed in April 2026 and a $2.6 billion credit facility secured more recently. This diversified funding approach demonstrates the strength of Switch's cash flows and investor demand.
The capital influx is fueling expansion of Switch's data center footprint, critical infrastructure for enterprise and AI customers.
Path to Public Markets
Switch has reportedly been exploring a potential public listing as early as 2027. A return to public markets would give the company a broader shareholder base and access to capital markets at scale. The timing would follow the private-equity ownership period that began in late 2022, allowing Switch to demonstrate sustained profitability and growth under new ownership.
