Data center operator CyrusOne plans potential 2027 IPO, banks pitch for roles, sources say

CyrusOne is reportedly preparing for an IPO as early as 2027, potentially one of the largest data center listings in recent years. The move suggests a favorable path to liquidity for the KKR and BlackRock (GIP) ownership group, though timing and pricing remain uncertain. Expect moderate sector read-through given the strategic importance of large-scale data center operators.

Analysis

CyrusOne is reportedly preparing for an IPO as early as 2027, potentially one of the largest data center listings in recent years. The move suggests a favorable path to liquidity for the KKR and BlackRock (GIP) ownership group, though timing and pricing remain uncertain. Expect moderate sector read-through given the strategic importance of large-scale data center operators.