Blackstone’s AirTrunk picks banks for Singapore Reit IPO: sources
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AirTrunk, a data centre operator acquired by Blackstone in 2024, has selected Citigroup, DBS Group Holdings, and Jefferies Financial Group to assist in its upcoming Singapore Reit IPO, potentially raising around US$1.5 billion. The IPO is expected to occur this year, driven by increasing investments in data centres amid the AI technology boom. Details regarding the IPO's size and timing are still being finalized, and additional banks may be involved. AirTrunk operates data centres across several countries, including Australia and Singapore.
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