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Switch Priced, NYSE: SWCH

Provides colocation services through three data center campuses.

Industry: Technology

First Day Return: +22.6%

Industry: Technology

We are a technology infrastructure company powering the sustainable growth of the connected world and the Internet of Everything. Our advanced data centers are the center of our platform and provide power densities that exceed industry averages with efficient cooling, while being powered by 100% renewable energy. These hyperscale data centers address the growing challenges facing the data center industry. Our critical infrastructure components in our data centers are purpose-built to satisfy customers' needs, drive efficiency and enable the deployment of highly advanced computing technologies. We own and operate three primary campus locations, which encompass ten colocation facilities with an aggregate of up to 4.0 million gross square feet of space, located in Las Vegas, NV; Reno, NV; and Grand Rapids, MI. We recently announced our plan to develop a fourth location in Atlanta, GA. We also hold a 50% ownership interest in SUPERNAP International, which has deployed facilities in Italy and Thailand. We currently have more than 800 customers, including some of the world's largest technology and digital media companies, cloud and managed service providers, financial institutions and telecoms. Our business is based on a recurring revenue model comprised of (1) colocation, which includes the licensing of cabinet space and power; and (2) connectivity services.
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Switch (SWCH) Performance