Saturday, 11 January, 2025

NTT Plans $1 Billion Data Center REIT IPO in Singapore

Japan's Nippon Telegraph & Telephone Corp. (NTT) is preparing to launch a $1 billion data center real estate investment trust (REIT) initial public offering (IPO) in Singapore. The company has appointed Bank of America and UBS to manage the listing, which is expected to include data center assets valued at up to $3 billion. This move aims to capitalize on the growing demand for data infrastructure and could revitalize Singapore's IPO market.