Csquare, Inc. has closed its initial public offering (IPO), selling 50,000,000 shares of its common stock at a public offering price of $21.00 per share. The offering, which closed on July 17, 2026, generated net proceeds of approximately $1.01 billion for the company after underwriting discounts. In connection with the IPO, the company entered into several material agreements, including a Stockholders Agreement and a Registration Rights Agreement with affiliates of Brookfield Corporation.
Key Details
- Offering Details: The company sold 50,000,000 shares of common stock at $21.00 per share, resulting in net proceeds of $1.01 billion.
- Underwriter Option: The underwriters, led by Morgan Stanley and TD Securities, have a 30-day option from July 15, 2026, to purchase up to an additional 7,500,000 shares at the IPO price.
- Brookfield Agreements: The company entered into a Stockholders Agreement granting Brookfield board nomination rights proportional to its ownership (as long as it holds at least 5%) and a Registration Rights Agreement providing demand and "piggyback" registration rights for its shares.