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Csquare

CSQRRecent IPO

Csquare, Inc. · NYSE · Digital infrastructure · Report filing 2026/07/16 · SEC checked 2026-10-07

SEC
DAILY SEC UPDATE424B4 analysed from the latest filing

Csquare priced its IPO at $21.00 per share for 50.0 million shares and intends to use approximately $921.0 million of proceeds to repay specified borrowings.

One-minute decisionBASIC RESEARCHSource completeness · 84%

Newly listed — review valuation, deal quality and post-IPO supply before acting

Csquare, Inc. began trading on 2026-07-16 at an IPO price of $21.00; the final prospectus and offer terms are linked to SEC EDGAR.

Where does the money go?—No estimate is substituted for missing offer terms.
Ownership and votingExisting holders~70%* economic · Not separately disclosed voting
Next disclosed checkpointFirst post-IPO filing and lock-up scheduleMonitor closing, option exercise, earnings and resale eligibility

Capital destination

—

No estimate is substituted for missing offer terms.

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · 424B4 ↗
Next checkFirst post-IPO filing and lock-up scheduleMonitor closing, option exercise, earnings and resale eligibility

Capital destination

—

No estimate is substituted for missing offer terms.

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · 424B4 ↗
BOOKRUNNERS / LEAD UNDERWRITERSFinal underwriting syndicate
CONFIRMED
  1. 1Morgan Stanley & Co. LLC——
  2. 2TD Securities (USA) LLC——
  3. 3Wells Fargo Securities, LLC——
View all 14 institutions
  1. 4BofA Securities, Inc.——
  2. 5BMO Capital Markets Corp.——
  3. 6Scotia Capital (USA) Inc.——
  4. 7Jefferies LLC——
  5. 8J.P. Morgan Securities LLC——
  6. 9RBC Capital Markets, LLC——
  7. 10SG Americas Securities, LLC——
  8. 11Brookfield Securities LLC——
  9. 12CIBC World Markets Corp.——
  10. 13National Bank of Canada Financial Inc.——
  11. 14PNC Capital Markets LLC——
The final prospectus identifies the complete syndicate, but does not publish an institution-by-institution purchase commitment. No percentage is estimated.Source · 424B4 ↗

Fully diluted valuation bridge

StatusReference
Awaiting verificationSource ↗

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · 424B4 ↗

Existing holders

~70%*

The estimate compares offered shares with the latest reported shares outstanding and is not a voting-control conclusion.

Latest available filing · 2026/07/16

Review the beneficial-ownership table and voting rights together

One disclosed holder; not a complete ownership distribution.Check the source · 424B4 ↗

Conditional lock-up timeline

Conditional lock-up timeline

Eligibility is not a sale. Release conditions, holder groups and exceptions remain separate.

Calendar dates from 2026-07-16

  1. First trading day50.000M IPO shares
Holder / event
Holder / eventTerm / dateConditions
First trading day2026-07-16 ~30%* · 50.000M IPO shares50.000M IPO shares
Basis and evidence
First trading day

First trading day · 50.000M IPO shares

Lock-up / shares eligible for future sale ↗

Financial quality and runway

StatusReference
Awaiting verificationSource ↗

Latest filing update

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Risk 1

Post-listing valuation may move rapidly before a stable public-market earnings record is established.

Potential impact
High
Monitor
First post-IPO filing and lock-up schedule
Document424B4✓ Verified against the SEC source · SEC source document
Filed2026/07/161 public filings identified
Research updated2026/07/16SEC EDGAR
Evidence coverage84%Final prospectus, offer price, listing date and headline financial evidence reconciled
Open filing ↗

What remains missing16% of the evidence set remains unresolved. This may affect unconfirmed pricing, valuation, dilution or supply conclusions; no missing term is estimated.

View the filing's actual first page
Csquare, Inc. 424B4 first page
424B4 first pageFirst page from SEC EDGAR