Brookfield-backed Csquare valued at $3.24 billion in NYSE debut

July 16 : Brookfield-backed data center provider Csquare's shares opened marginally lower before trading down about 3 per cent in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based company priced its IPO at $21 per share, below its marketed range of $23 to $27, valuing the firm at $3.24 billion. It was last trading at $20.37. The debut underscores investors' caution toward new listings, even for companies benefiting from booming AI-driven data center demand, as markets scrutinize valuations and pricing.The company's decision to price below its marketed range suggests investors remain selective despite the AI frenzy. "Csquare likely had to price below the range because investors