Business & Finance
Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO
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Deals Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO Data center operator AirTrunk is delaying a planned initial public offering of a real estate investment trust in Singapore until next year as higher interest rates and market volatility temper investor demand, according to people familiar with the matter. The Blackstone Inc.-backed company had been planning to start formally gauging investor interest for the $1.5 billion REIT IPO at the start of October, the people said,...
Deals
Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO
Data center operator AirTrunk is delaying a planned initial public offering of a real estate investment trust in Singapore until next year as higher interest rates and market volatility temper investor demand, according to people familiar with the matter.
The Blackstone Inc.-backed company had been planning to start formally gauging investor interest for the $1.5 billion REIT IPO at the start of October, the people said, asking not to be identified because the information is private.