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AirTrunk Delays 1.5 Billion Dollar Singapore REIT IPO Amid Market Volatility
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CNBC TV18•13-10-2026, 11:20
AirTrunk Delays 1.5 Billion Dollar Singapore REIT IPO Amid Market Volatility
- •Blackstone-backed AirTrunk is postponing its planned real estate investment trust IPO in Singapore until next year.
- •Higher interest rates and market volatility have weighed down investor demand for infrastructure deals.
- •The company had considered offering a higher yield of roughly 6% to sweeten the deal for investors.
- •Other data centre firms like Firmus Grid and PLDT Inc.'s data center unit have also deferred their IPO plans recently.
- •AirTrunk operates major data centers across the Asia Pacific region and was acquired by Blackstone and its partners in 2024.
Key Questions Answered
AirTrunk is delaying its planned REIT IPO until next year due to market volatility, rising interest rates, and investor caution that has weighed down demand for rate-sensitive offerings.
AirTrunk had been planning to raise $1.5 billion for its Singapore REIT IPO.
In 2024, Blackstone and the Canada Pension Plan Investment Board acquired AirTrunk for A$24 billion, which equals $16.7 billion.
