Switch IPO: Flipping Private to Public
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Explore opportunities to participate in the Switch IPO. The stock could begin trading as early as the end of 2026.
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Table of Contents
Notable Switch News
07/14/2026: Switch taps banks for $80 billion IPO
06/10/2026: Switch Expands Credit Line to Nearly $10 Billion
12/29/2025: SoftBank Group to Acquire DigitalBridge
09/10/2024: Switch weighs IPO at $40 billion valuation
Older news…
About Switch
Switch is a U.S. AI data center operator that builds and runs large campuses where companies rent space, power, and cooling for their own servers.
Founder Rob Roy got started in the early 2000s, most famously buying a former Enron telecom hub in Las Vegas cheaply out of bankruptcy court, then grew it into a business that went public in 2017 and was taken private again in 2022.
The core business is colocation, so customers bring their own hardware and Switch supplies the building, the electricity, and the network connections that keep everything running.
More recently, the company has leaned into AI-ready facilities it calls AI factories, built for the kind of power-hungry chips older data halls were never designed to hold.
The company is headquartered in Las Vegas and privately held.
Switch operates or is developing data centers and facilities in Las Vegas, Nevada; Tahoe Reno, Nevada; Grand Rapids, Michigan; Atlanta and Cartersville, Georgia; Austin, Round Rock, and Houston, Texas; Beaver County, Pennsylvania; and Iron County, Utah.
Ownership
Switch is a privately held business owned by DigitalBridge-managed funds, IFM Investors, Aware Super, and company management.
SoftBank has moved to acquire DigitalBridge, but that deal buys the asset manager rather than the Switch stake itself, so the funds and their pension and institutional investors keep the economics while SoftBank inherits the control rights.
The purchase still needs regulatory sign-off and consent from those fund investors before it closes.
Switch has separately hired banks for a return to the public markets, though the offering would float only a slice of the company, leaving its current owners firmly in charge either way.
Switch Valuation
The public does not have access to the Switch valuation because it is privately held.
A Reuters report in July 2026 indicated the company aims to IPO at up to an $80 billion valuation.
It is considering raising a private funding round from investors to help validate a pre-IPO valuation.
IPO Potential
The Switch IPO could arrive by the end of 2026, according to a July 2026 Reuters report.
Switch has hired Goldman Sachs and JPMorgan Chase as lead banks, and could raise up to $10 billion in the deal.
An S-1 filing is the most accurate sign that an IPO may be forthcoming.
We may also hear news of a confidential IPO filing, indicating the deal could arrive in the following few months, pending market conditions.
How to Invest in Switch Stock
The short answer is Switch is not investable at this time.
The usual secondary marketplaces do not have share supply because the equity sits mostly in a closed-end fund whose investors are pensions and sovereign wealth funds with capital committed years ago.
Employee and executive ownership shares could theoretically become available. But with an IPO on the horizon, it is unlikely (and possibly against the current share structure).
That said, here are the remaining potential ways to invest in Switch.
1. Participate in the Switch IPO through a broker
When the company goes public, ordinary investors may have a chance to invest during the IPO at the IPO price.
Retail investors frequently receive access to IPOs, but need to conduct due diligence to determine if final pricing is attractive for a given strategy (flip or long-term buy and hold).
Some online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.
Here’s a complete list of the best brokers for IPO investing to learn more about IPO access for retail investors.
2. Buy Switch stock after the IPO
Most retail and institutional investors will need to wait until Switch lists before they can buy in.
Waiting has advantages. Once Switch has a quarter of trading behind it, you get audited numbers, a real disclosure trail, and management on the record.
Right now the company is private, so the financial picture is whatever the S-1 eventually chooses to show.
AI infrastructure is one of the hottest themes on the market, and hot themes tend to price generously. This has been true of several recent IPOs, so don’t chase hot IPO as the valuations can get overheated.
Anyone who catches the early enthusiasm and sells near the top does well.
But holding when the valuation drifts back toward the IPO price or below can be painful.
Those pullbacks can become a good entry for long-term investors.
Buying in the first days is where the risk sits, between an inflated opening price, the lockup expiration that lets DigitalBridge and IFM start selling, and the chance that early earnings disappoint.
Conclusion
Switch has evolved from a niche colocation provider into a company positioned to benefit from growing demand for AI infrastructure.
But investor enthusiasm should remain balanced with careful analysis as AI, data centers, and IPO valuations have been frothy in recent years.
The eventual IPO filing will provide the clearest view yet into the company’s financial performance, capital requirements, customer concentration, and long-term strategy.
Investors should pay as much attention to valuation and execution as they do to the AI narrative surrounding the business.
History shows that even strong companies can become disappointing investments in the near term when expectations run too far ahead of fundamentals.
For patient investors, the best opportunity is often created by disciplined research rather than excitement surrounding a public debut.
Whether Switch becomes a compelling long-term investment will depend less on its IPO headlines and more on its ability to convert rising demand into durable financial results consistently.
Switch News Archive
05/11/2022: DigitalBridge, IFM Buy Switch for $11 Billion
Frequently Asked Questions (FAQs)
Craig Stephens founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
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