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Market Chatter: AirTrunk Targets $1.5 Billion Singapore REIT IPO in September-October

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Blackstone-backed AirTrunk is targeting a September or October launch for the initial public offering of a Singapore real estate investment trust, Reuters reported Wednesday, citing sources with direct knowledge of the matter.

The data center operator aims to raise about $1.5 billion through the IPO and has confidentially filed for the listing, the report said.

AirTrunk has also begun meeting with potential cornerstone investors, according to Reuters.

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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