The Zhitong Finance App learned that people familiar with the matter revealed that the data center operator Switch has secretly submitted an initial public offering (IPO) application to the US Securities and Exchange Commission with the aim of raising capital through strong investors' demand for artificial intelligence (AI) themes. People familiar with the matter revealed that the Las Vegas-based company may go public as early as November. Switch has hired Bank of America, Citigroup, Goldman Sachs Group, J.P. Morgan Chase, and Morgan Stanley to co-lead the launch.

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