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Market Chatter: AirTrunk Looks to List REIT in Singapore

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AirTrunk is looking to confidentially file for an initial public offering of a real estate investment trust in Singapore, Bloomberg reported on Monday, citing people familiar with the matter.

The Blackstone-backed data center operator could submit a draft registration to the Monetary Authority of Singapore and the Singapore Exchange Securities Trading as soon as this week, with an aim to raise as much as $1.5 billion, the people told the news agency.

A potential IPO would give the Singapore market a major boost, with around $912 million already raised this year, the report added.

AirTrunk did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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