SDC Capital considering US$1 billion Singapore Reit IPO: sources
US digital infrastructure firm is reportedly working with advisers on the potential IPO, which might take place as soon as next year
SDC Capital Partners, a US digital infrastructure firm, is considering a potential IPO for a Singapore real estate investment trust (Reit) that could raise approximately US$1 billion. The company is collaborating with advisers on the IPO, which might occur as early as next year. Currently, deliberations regarding the size and timing of the listing are ongoing, as the details are confidential.
SDC is developing and investing in data centers, fibre networks, wireless infrastructure, and cloud services, with assets under management amounting to around US$12.5 billion. The firm's parent company, Thoma Bravo, made a minority investment in SDC last year. While the IPO could contribute to the overall proceeds, Singapore remains behind Hong Kong in terms of IPO amounts.
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