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AirTrunk

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    Data center developments are making headlines worldwide as the AI boom accelerates. China has turned a remote steppe in Inner Mongolia into a hub for AI computing, while Anthropic plans a $6.3 billion data center in Osaka with NTT. Meanwhile, Ukrainian drones struck an AI data center belonging to Russia's Yandex, and AirTrunk paused its Singapore listing amid market turbulence.

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    AirTrunk delays Singapore data center REIT IPO to next year●Data center operator AirTrunk is delaying a planned IPO of a REIT in Singapore until next year as higher interest rates𝕏xSG184 d ago

    Data center operator AirTrunk has postponed a planned real estate investment trust IPO in Singapore until next year. Higher interest rates and market volatility have tempered investor demand, making conditions unfavourable for a listing. The decision reflects broader caution among companies weighing public offerings amid tighter financial conditions and uncertain equity markets.