Blackstone-backed AirTrunk will confidentially file for a $1.5 billion REIT IPO in Singapore. This offering represents the largest listing in the city-state since 2017.
Surging demand for artificial intelligence and cloud computing infrastructure drives the valuation. Data centers have transitioned into a cornerstone asset class within the real estate sector.
AirTrunk operates a network of facilities across Australia, Japan, and Singapore. The scale of the IPO highlights the premium market value of digital infrastructure assets.