UPDATE 1-Data center provider Csquare targets up to $4.18 billion valuation in US IPO

Adds valuation in headline and paragraph 1, details and background in paragraphs 3-5

July 6 (Reuters) - Data center provider Csquare is targeting a valuation of up to $4.18 billion in its initial public offering in the United States.

The company said on Monday it aims to raise up to $1.35 billion in the IPO by offering 50 million shares at $23 to $27 apiece.

Improving market conditions have prompted more companies to pursue U.S. listings after recent geopolitical tensions briefly slowed activity.

Csquare intends to list on the New York Stock Exchange under the ⁠ticker ​symbol "CSQR".

Morgan Stanley, TD Securities, Wells Fargo ​Securities and BofA Securities are among the underwriters to the offering.


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