onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Singapore data centre NTT DC REIT to raise around $773 million from IPO
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

Singapore data centre NTT DC REIT to raise around $773 million from IPO

Last updated: July 7, 2025 9:07 am
Oliver James
Share
1 Min Read
Singapore data centre NTT DC REIT to raise around 3 million from IPO
SHARE

SINGAPORE (Reuters) -Singapore data centre real estate investment trust NTT DC REIT intends to raise gross proceeds of around $773 million from its initial public offering on the domestic bourse, it said on Monday.

NTT DC REIT, whose sponsor or backer, NTT Ltd is part of Japanese telecommunication giant Nippon Telegraph and Telephone Corp (NTT), has six data centres located in Austria, Singapore and the United States, which its statement on Monday said were valued at $1.57 billion in total.

The initial public offering, expected on July 14, will comprise 599.89 million units priced at $1.00 per unit, or S$1.276 per unit, the statement said.

It said cornerstone investors, which are large institutional investors that subscribe to an IPO offering before it is open to the public, collectively hold a 16.8% stake.

Among the cornerstone investors are Singapore sovereign wealth fund GIC with a 9.8% stake, making it second largest investor after NTT Ltd, which has 25%, according to the statement.

(Reporting by Yong Jun Yuan and Yantoultra Ngui; editing by Barbara Lewis)

You Might Also Like

Nebraska Lottery results: See winning numbers for Pick 3, Pick 5 on June 15, 2025

Dave Ramsey tells Washington State man negotiating with a repo man he should be at the bottom of to-do list

Should you put personal money into your business? Here’s what to know.

3 Things Nvidia Management Just Said That Build the Buy Case for These 3 Magnificent Hidden AI Stocks

Southern cities offer U.S. renters the best value, analysis finds

Share This Article
Facebook X Copy Link Print
Share
Previous Article New Mom Says Uncle Refuses to Call Her Son by His Real Name, Only Calls Him ‘Billy Ray’ New Mom Says Uncle Refuses to Call Her Son by His Real Name, Only Calls Him ‘Billy Ray’
Next Article Colson Montgomery makes his home debut with the Chicago White Sox Colson Montgomery makes his home debut with the Chicago White Sox

Latest News

30 Most Expensive Retirement Towns in America
30 Most Expensive Retirement Towns in America
Finance July 9, 2025
Social Security Cuts Could Cost You 8K: Here’s How Much More You’ll Need To Save
Social Security Cuts Could Cost You $138K: Here’s How Much More You’ll Need To Save
Finance July 9, 2025
Healthcare expert warns of coverage shock under ‘One Big Beautiful Bill’
Healthcare expert warns of coverage shock under ‘One Big Beautiful Bill’
Finance July 9, 2025
Here’s the Best 0 Retirees Can Spend To Get Their Finances on Track
Here’s the Best $200 Retirees Can Spend To Get Their Finances on Track
Finance July 9, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.