Data center operator Switch has initiated a $2 billion private fundraising round, with a16z leading the investment, aiming for an IPO as early as next year.

BlockBeats News, July 2nd, Data center operator Switch announced the official launch of a $20 billion private financing round, led by a16z. Insiders revealed that Switch's post-financing enterprise valuation could be close to $500 billion, with an equity value of about $190 billion. Sources said a16z will invest around $4 billion. In addition, Goldman Sachs and JPMorgan are also helping to advance this round of financing, which may prepare Switch for its earliest initial public offering as soon as next year.

Source: BlockBeats

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