Data centre operator AirTrunk is targeting a September or October launch for its initial public offering on the Singapore Exchange, with the deal valued at approximately $1.9 billion.
The company has filed a confidential draft registration statement with the Monetary Authority of Singapore and the exchange, according to sources familiar with the matter.
AirTrunk has commenced discussions with potential cornerstone investors as it advances toward a public listing.
The confidential filing marks a critical procedural step, allowing the company to refine its prospectus and valuation parameters before a formal public announcement.
The proposed listing positions AirTrunk for what could be the largest IPO on the SGX in recent history.
The move underscores the growing investor appetite for data centre infrastructure in Southeast Asia, driven by sustained demand for cloud computing and artificial intelligence capabilities.