Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO

Data center operator AirTrunk is delaying a planned initial public offering of a real estate investment trust in Singapore until next year as higher interest rates and market volatility temper...

By Julia Fioretti, Elffie Chew and Manuel Baigorri · Bloomberg Markets

Data center operator AirTrunk is delaying a planned initial public offering of a real estate investment trust in Singapore until next year as higher interest rates and market volatility temper investor demand, according to people familiar with the matter.