Data centre operator Digital Core Reit registers largest IPO in Singapore this year

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.

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