Switch files for a potential $10B IPO

Switch has reportedly filed confidentially for a US IPO that earlier reporting said could raise up to $10 billion at a valuation near $80 billion including debt. Reuters’ report on the Bloomberg disclosure says the filing could not be independently verified and Switch did not comment, so both the size and timing remain provisional. For operators watching AI-factory capital stacks push infrastructure risk onto financiers, a listing at that scale would put a public-market price on scarce power, cooling, and GPU-ready capacity.