Four years after data center companies largely moved away from public markets, a new wave of IPOs is emerging as the AI infrastructure boom fuels demand for capital.
Haynes Boone Partner Jeffrey Moerdler, chair of the firm’s Data Center and Digital Infrastructure Practice Group, spoke with Bisnow about the diverse approaches companies are taking to the public markets and how the sector’s growing capital needs are driving more creative financing structures.
Read an excerpt below.
These firms are looking to IPOs to solve very different capital and liquidity needs, and they are pursuing varied approaches to the public markets, said Jeffrey Moerdler, a longtime data center and telecom attorney who chairs the data center and digital infrastructure practice at Haynes Boone.
"As the size of the companies and the cash needed to develop new sites has grown exponentially over the last few years, the creativity required is different. There's no one-size-fits-all rules here," Moerdler said. "A public offering, whether it's for a small portion, a large portion or all of a company's value, offers a lot of opportunities and gives you an ability to create a more diverse kind of capital stack for the company."
Read the full article from Bisnow here.
