US Stock Market Move | Data center operator Csquare (CSQR.US) launches on the US stock market, with the stock price dropping over 1% after opening.

On Thursday, Csqaure (CSQR.US) debuted on the US stock market. As of the time of writing, the stock has dropped by over 1% to $20.77. The IPO price was $21. Csqaure is a carrier-neutral colocation data center operator that provides space, power resources, and core connectivity infrastructure for enterprises, network service providers, and large cloud computing platforms to house and operate their high-performance IT equipment. As of March 31, 2026, the company operates 64 large infrastructures in 21 major metropolitan markets in the United States, offering services including enterprise colocation, compute interconnection services, and other colocation cloud infrastructure solutions. Its facilities are designed to support long-cycle, highly availability-sensitive workloads, with a single-rack power density of up to 150 kilowatts. The company's revenue is mainly derived from recurring contracts for colocation and compute interconnection services, with cloud computing/data center interconnection related services accounting for approximately 10% to 13% of recurring revenue in recent years.