DCK Investor Edge: At an investor conference, the newly public company’s execs indicated they weren’t after large, low-margin leases with hyper-scale companies, preferring higher-margin retail colocation business, where the company can leverage...
While great for original investors and Wall Street insiders, the data center provider’s IPO hasn’t been great for retail investors. Transparency will go a long way in gaining their confidence.
Switch went public October 6, 2017, becoming the sixth American publicly traded data center provider
Dennis Troesh has a $600 million stake in data center Switch; billionaire’s cement company was valued at $2 billion in 2012
Year’s second-largest tech IPO shows solid day-one performance
With market value of $4.2 billion, the deal is year’s second-largest tech IPO.