The Zhitong Finance App learned that on Thursday, Csquare (CSQR.US) entered the US stock market. As of press release, the stock had fallen more than 1% to $20.77. The IPO price is $21. Csquare is a carrier-neutral hosting data center operator that provides enterprises, network service providers, and large cloud computing platforms with space, power resources, and core connectivity infrastructure to place and operate their high-performance information technology equipment. As of March 31, 2026, the company operates 64 large-scale infrastructures in 21 major US metropolitan markets, providing services including enterprise hosting, computing interconnection services, and other managed cloud infrastructure solutions. The facility is designed to support long-cycle, highly usability-sensitive workloads with power densities of up to 150 kW in a single rack. The company's revenue data mainly comes from recurring contracts for hosting and computing interconnection services. In recent years, cloud-computing/data center interconnection-related services account for about 10% to 13% of recurring revenue.

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