AirTrunk Is Close to Filing Confidentially for a Singapore Data Center REIT IPO

AirTrunk, a data center operator backed by private equity firm Blackstone, is close to filing confidentially for an initial public offering of a real estate investment trust in Singapore, according to a Monday report. The confidential filing marks the first step toward listing the company’s data center assets on the Singapore Exchange.

The listing would mark a significant expansion for AirTrunk into public equity markets and aligns with rising demand for AI infrastructure across Asia. Singapore has emerged as a primary hub for hyperscalers building out data center capacity to support generative AI applications, attracting major technology firms and financial institutions.