Welcome to the new morningstar.co.uk! Learn more about the changes and how our new features help your investing success.

Global Switch Expects IPO To Take Place In 2020, Sells 24% Stake

(Alliance News) - Europe and Asia-Pacific-focused cloud data centre developer Global Switch ...

Alliance News 20 September, 2019 | 6:35PM
Email Form

(Alliance News) - Europe and Asia-Pacific-focused cloud data centre developer Global Switch Holdings Ltd said Friday it expects a possible initial public offering to take place in 2020, depending on market conditions.

This follows a review of the impact of the present political and economic environment on the current equity capital markets by Global Switch's board and joint global co-ordinator banks for the IPO.

Global Switch did not specify exactly on which stock exchange it would float on, just a "leading international" stock exchange.

In addition, Chinese steelmaker Jiangsu Shagang Group Co Ltd has acquired a 24% stake in the business.

This follows the acquisition of a 25% stake in July 2018 by a consortium of six Asian investors known as Strategic IDC consortium.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites