Wall Street Readies Data Center IPOs as AI-Linked Debuts Surge

Wall Street banks are getting ready to raise billions of dollars taking data center companies public, even after IPO investors have already piled into anything that looks like a bet on artificial intelligence spending.

The initial public offering for a Blackstone Inc. data-center acquisition vehicle next week is set to fire the starting gun on a host of activity over the coming 18 months, and together with Singapore-based DayOne Data Centers Ltd. may raise close to $7 billion in aggregate, Bloomberg News has reported. Brookfield Infrastructure Partners-backed CSquare has filed confidentially, and a half dozen others are also circling ...