SINGAPORE (April 7): AirTrunk has appointed banks including Citigroup and DBS for a potential data centre real estate investment trust initial public offering (IPO) in Singapore that could raise more than US$1 billion later this year, according to two sources with knowledge of the matter. IFR reported on Monday that the data centre operator was planning a Singapore listing that could raise up to US$1.5 billion. A deal of that size would be bigger than the IPO of NTT DC REIT, which raised US$773 million in Singapore last year. In 2024, Blackstone and Canada Pension Plan Investment Board acquired the company in a deal valuing it at A$24 billion (US$16.6 billion). AirTrunk has data centres in Hong Kong, Japan, Malaysia and Singapore.

Source: The Edge Markets April 07, 2026 02:02 UTC