Updates

** Brookfield-backed data center firm Csquare's CSQR.N shares fall in New York debut after $1.05 billion U.S. IPO

** Stock opened at $20.90 apiece vs $21 IPO price; last down 2.2% at $20.54

** CSQR sold 50 million shares in IPO at $21 apiece, below marketed range of $23 to $27

** Brookfield BN.TO formed Csquare, formerly Centersquare, in 2024 by combining Evoque and Cyxtera

** CSQR operates data centers located in 21 major metropolitan markets across the U.S., Canada and the UK

** It competes against Equinix EQIX.O, DataBank, CoreSite, Digital Realty Trust DLR.N, CyrusOne, Switch, TierPoint, Flexential and Cologix

** Some analysts said the firm is extremely leveraged; CSQR's total long-term debt, net of current, stood at $4.8 billion as of March 31

** Certain entities managed by Brookfield Wealth Solutions BNT.N agreed to purchase 3 million CSQR shares from offering

** Overall, entities managed by Brookfield Wealth Solutions and investors introduced to underwriters by Brookfield agreed to buy $250 million of shares from offering