Switch Inc. gets $531 million in third biggest US tech IPO of 2017

Switch Inc. raised $531 million in its initial public offering, making it the third-biggest technology IPO this year in the U.S.

The data center company sold 31.25 million shares for $17 each after marketing them for $14 to $16 apiece, Switch said in a statement. Only Snap Inc.’s $3.9 billion IPO and Altice USA Inc.’s $2.2 billion offering topped Switch’s deal, according to data compiled by Bloomberg.