{
  "id": 14190539,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T11:31:25.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "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-center company AirTrunk has postponed its planned Singapore real estate investment trust (Reit) initial public offering (IPO), sources reveal, amid a tech and AI stock sell-off. The IPO, which could raise approximately US$1.5 billion, was initially set to launch in September or October, but has been postponed due to market conditions. 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 follows a decline in Asian equities to two-month lows on Tuesday, Oct 13, triggered by a rout in chipmakers and renewed scrutiny of the AI trade. The Reit was expected to be valued at around US$15 billion, potentially making it one of Southeast Asia's largest listings. The postponement also comes after the cancellation of Firmus' planned IPO, underscoring the challenging environment for large data center and AI-linked equity offerings as investors reassess valuations, rising borrowing costs, and the sustainability of demand tied 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 - Singapore",
        "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",
        "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."
}