Blackstone-Backed AirTrunk Files $1.5B REIT IPO Application in Singapore on June 29

According to Bloomberg, Blackstone-backed data center operator AirTrunk filed a real estate investment trust (REIT) initial public offering application in Singapore on June 29. The company is seeking to raise approximately $1.5 billion in the offering, which would become Singapore's largest IPO since 2017.
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