{
  "id": 14189920,
  "title": "Blackstone-backed AirTrunk delays Singapore Reit IPO amid AI stock sell-off, sources say",
  "url": "https://urgent.news/2026/10/13/blackstone-backed-airtrunk-delays-singapore-reit-ipo-amid-ai-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T11:31:25.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/companies-markets/blackstone-backed-airtrunk-delays-singapore-reit-ipo-amid-ai-stock-sell-sources-say"
  },
  "original_language": "en",
  "account": "Blackstone-backed data centre company AirTrunk has postponed its planned initial public offering (IPO) in Singapore, sources have revealed. The IPO, which could have raised around US$1.5 billion, was originally scheduled for September or October, but was put on hold due to unfavorable market conditions, according to two people with direct knowledge of the situation. AirTrunk, owned by US investment firm Blackstone, has not yet determined a new launch date but aims to complete the listing by early next year. The delay comes as Asian equities plunged to more than two-month lows on Tuesday, amid a significant sell-off in tech and AI stocks. The IPO was expected to value the company at about US$15 billion, potentially making it one of Southeast Asia's largest listings in the coming months. This postponement follows the cancellation of Firmus' planned IPO, reflecting the challenging environment for large data centre and AI-linked equity offerings as investors reassess valuations, rising borrowing costs, and the sustainability of demand linked to the AI boom.",
  "summary": "The delay comes as Asian equities slid to more than two-month lows on Tuesday",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times",
        "title": "S’pore asks AI firms for full transparency after Australian government hack: Shanmugam",
        "url": "https://urgent.news/2026/10/13/spore-asks-ai-firms-for-full-transparency-after-australian-government",
        "published": "2026-10-13T08:00:00.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Singapore asks major tech firms for full transparency, quicker information-sharing amid AI risks: Shanmugam",
        "url": "https://urgent.news/2026/10/13/singapore-asks-major-tech-firms-for-full-transparency-quicker",
        "published": "2026-10-13T08:03:17.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Blackstone-backed AirTrunk delays Singapore Reit IPO amid AI stock sell-off, sources say",
        "url": "https://urgent.news/2026/10/13/blackstone-backed-airtrunk-delays-singapore-reit-ipo-amid-ai-stock-14190539",
        "published": "2026-10-13T11:31:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}