Changes in US stocks | Data center operator Csquare (CSQR.US)'s stock price fell by more than 1% after entering the US stock market and opening

The Zhitong Finance App learned that on Thursday, Csquare (CSQR.US) entered the US stock market. As of press release, the stock had fallen more than 1% to $20.77. The IPO price is $21. Csquare is a carrier-neutral hosting data center operator that provides enterprises, network service providers, and large cloud computing platforms with space, power resources, and core connectivity infrastructure to place and operate their high-performance information technology equipment. As of March 31, 2026, the company operates 64 large-scale infrastructures in 21 major US metropolitan markets, providing services including enterprise hosting, computing interconnection services, and other managed cloud infrastructure solutions. The facility is designed to support long-cycle, highly usability-sensitive workloads with power densities of up to 150 kW in a single rack. The company's revenue data mainly comes from recurring contracts for hosting and computing interconnection services. In recent years, cloud-computing/data center interconnection-related services account for about 10% to 13% of recurring revenue.