Data Centre Industry News & Market Intelligence

Japan’s NTT Group considering billion-dollar data centre Reit IPO in Singapore

billion-dollar data centre ipo

Japan’s NTT Group considering billion-dollar data centre Reit IPO in Singapore.

Japan’s Nippon Telegraph & Telephone Corp (NTT) is considering listing a global data centre real estate investment trust (Reit) in Singapore, according to people with knowledge of the matter.

The Tokyo-based company known as NTT could raise as much as US$1 billion (S$1.29 billion) from the first-time share sale, the people said, asking not to be identified because the deliberations are private. The data centre assets included in the Reit may be worth US$2 billion to US$3 billion, one of the people said.

A listing could take place as soon as late 2025, the people said.

NTT is working with financial advisers on the potential offering plans, including identifying the data centres for the Reit, they said. Deliberations are preliminary, and the company may still decide against pursuing a deal, they added.

A representative for NTT Data Group confirmed the company is considering a Reit when contacted by Bloomberg News, adding that nothing has been decided yet and declining to elaborate further.

At US$1 billion, the listing of the NTT data centre Reit would be the biggest in the city-state since Netlink NBN Trust raised US$1.7 billion in 2017, data compiled by Bloomberg show.

At the current pace, Singapore’s IPO activity is heading for the lowest in decades, with only US$19.5 million raised so far this year in a solitary first-time listing by Singapore Institute of Advanced Medicine Holdings, the data show.

READ the latest news shaping the data centre market at Data Centre Central

Japan’s NTT Group considering billion-dollar data centre Reit IPO in Singapore. source

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