Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say

July 13 : Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.Goldman Sachs and JPMorgan Chase have been tapped as lead underwriters for the offering, the people said. The size, timing and valuation remain under discussion and could still change, the sources said, requesting anonymity because the deliberations are confidential.The IPO would rank among the largest U.S. stock market debuts in recent years, underscoring investors' appetite for companies benefiting from surging demand for artificial intelligence infrastructure. The U.S. IPO market has rebounded this year, led by a pipe