Csquare's IPO
Listed Jul 16, 2026 at $21 on NYSE as CSQR.
Today 32% below its $21 offer price; its first day closed -1.6%.
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What does Csquare do?
“Csquare is a leading North American enterprise digital infrastructure platform providing carrier-neutral colocation and interconnection services that support the applications powering the modern economy.”
| Fact | Csquare |
|---|---|
| Incorporated | Delaware, 2018 |
| Headquarters | Coppell, Texas |
| Website | csquare.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Csquare |
|---|---|
| Shares offered | 50,000,000 |
| Offer price | $21 a share |
| Raised at that price | $1.05 billion |
| Underwriters' discount | $40 million |
| Net proceeds the company expects | About $1.01 billion |
| Underwriters' option | 7,500,000 more shares |
| Underwriters | Morgan Stanley, TD Securities, Wells Fargo, BofA Securities, BMO Capital Markets, and Scotiabank, and 4 more |
| Exchange | New York Stock Exchange, as CSQR |
| Shares outstanding after | 155,020,702 |
| Market cap at the offer price | $3.26 billion |
What risks does Csquare name first?
- “Our portfolio of properties is geographically concentrated, and adverse developments in local economic conditions, power availability, or demand for data center space in these markets could have a material adverse effect on our business, financial condition and operating results.”
- “Demand for data center space is affected by economic conditions, technology trends, and customer deployment decisions, and a reduction in demand could have a material adverse effect on our business, financial condition and results of operations.”
- “A small number of customers account for a significant portion of our operating revenues, and the loss, default, or reduced utilization by any of these customers could significantly harm our business, financial condition and results of operations.”
Every date of Csquare's IPO
| What | Day |
|---|---|
| Registration filed | Jun 16, 2026 |
| Exchange registration filed | Jul 15, 2026 |
| Declared effective by the SEC | Jul 15, 2026 |
| Priced | Jul 15, 2026 |
| First trade | Jul 16, 2026 |
| Lock-up ends | Jan 11, 2027 |
How did its first days trade?
From its daily bars, each close against its $21 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Jul 16 | $20.90 | $20.67 | -1.6% |
| Jul 17 | $20.35 | $20.40 | -2.9% |
| Jul 20 | $20.38 | $20 | -4.8% |
| Jul 21 | $20 | $20.89 | -0.5% |
| Jul 22 | $20.99 | $21.57 | +2.7% |
What is Csquare's Quality Score?
Below Average
CSQR's page, with every reason behind its scoreThe other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Csquare IPO questions
When is Csquare's IPO?
Listed Jul 16, 2026 at $21 on NYSE as CSQR.
What is Csquare's IPO price?
Csquare's IPO priced at $21 a share, per its final prospectus of Jul 16, 2026.
How many shares is Csquare selling?
50,000,000 shares, and the underwriters may buy 7,500,000 more, per its final prospectus (424B4).
Who are the underwriters?
Morgan Stanley, TD Securities, Wells Fargo, BofA Securities, BMO Capital Markets, Scotiabank, Jefferies, J.P. Morgan, RBC Capital Markets, and Societe Generale, as the prospectus's cover names them.
When does the lock-up end?
Csquare's IPO lock-up ends Jan 11, 2027. Its final prospectus says: “.”
Does Breakaway rate Csquare?
Csquare has a Quality Score of 1 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Csquare's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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