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Data centre operator Digital Core Reit registers largest IPO in Singapore this year
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One of the 10 data centre assets in Digital Core Reit’s initial portfolio is 2401 Walsh Avenue in Silicon Valley.
PHOTO: DIGITAL CORE REIT MANAGEMENT
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SINGAPORE - Data centre real estate investment trust (Reit) Digital Core Reit is raising close to US$1 billion (S$1.37 billion) in a Singapore initial public offering (IPO) of 267 million units. Its manager lodged a prospectus with the Monetary Authority of Singapore on Monday (Nov 29).
Priced at 88 US cents, the IPO will involve an institutional placement tranche of around 253.7 million units and a retail public offer of 13.4 million units.
