NTT’s upcoming data centre Reit listing on SGX lifts hopes of breaking IPO drought
Six of its data centre assets will be transferred to the proposed Singapore Reit for about US$1.6 billion.
[SINGAPORE] The first half of 2025 has tested investor sentiment in Singapore’s equity market, but there are emerging signs that the tide may be turning.
The confirmation of a major new listing by Japan’s Nippon Telegraph and Telephone (NTT) has brought a timely boost to the Singapore Exchange (SGX), just as concerns about a string of delistings and weak initial public offering (IPO) activity have begun to mount.
In its financial results released on May 9, NTT released details of its planned real estate investment trust (Reit) listing here. Six of its data centre assets will be transferred to the proposed Singapore Reit called NTT DC Reit for the price of around US$1.6 billion.
Copyright SPH Media. All rights reserved.
