CALAMOS STRATEGIC TOTAL RETURN FUND
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See all $CSQ insider activity →CSquare, a data center operator backed by Brookfield, priced its IPO at $21 per share, selling 50 million shares for $1.05 billion, $300 million below its marketed target. Shares were marketed at $23 to $27. The offering values CSquare at about $3.25 billion. CSquare plans to repay $771 million of credit plus a $75 million Brookfield note.
IPO pricing below the marketed range and below the company’s hoped raise suggests weaker demand and may pressure near-term sentiment.
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CSquare, a data center operator backed by Brookfield, priced its IPO at $21 per share, selling 50 million shares for $1.05 billion, $300 million below its marketed target. Shares were marketed at $23 to $27. The offering values CSquare at about $3.25 billion. CSquare plans to repay $771 million of credit plus a $75 million Brookfield note.
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