Insiders: Switch is currently negotiating financing with a valuation of over $50 billion.

According to media reports quoting informed sources, data center developer Switch is in negotiations to raise billions of dollars in funding at a valuation of at least $500 billion. The report states that Brookfield Asset Management, KKR, and other private equity and institutional investors are in discussions to participate in this round of funding. This round of financing may pave the way for Switch's initial public offering, which could happen as early as next year. The investment banking teams of Goldman Sachs and JPMorgan are working with Switch to assist in completing this financing.