Bloomberg: Digital Realty considering Singapore IPO
Published 11 June 2021
Data centre player Digital Realty is considering an IPO in Singapore, according to a report by Bloomberg.
It is reported that the company is working with advisers on the listing. Digital Realty’s portfolio of investments is valued at around $1 billion, Bloomberg said quoting sources.
The IPO, if successful, could raise $300 million to $400 million. Digital Realty would also become the second tech listing of 2021 in Singapore’s stock exchange after tech hardware manufacturer Aztech Global’s IPO in March.
Digital Realty operates 290 data centres all around the world. Twelve are located across the Asia Pacific, three of which are in Singapore’s districts of Jurong and Loyang. The company provides data storage and cloud computing services to a range of industries from finance, to manufacturing, to healthcare.
A representative from Digital Realty declined to comment on the matter.