AirTrunk Delays Singapore IPO
Blackstone backed data center operator AirTrunk has delayed its planned Singapore initial public offering. Citing market volatility and US interest rate uncertainty, the company may now target early next year.
Insights:
AirTrunk has postponed its planned Singapore IPO, citing market volatility and uncertainty over U.S. interest rates, the Wall Street Journal reported on Tuesday morning.
The delay pushes the anticipated listing timeline for the Blackstone-backed hyperscale data-center operator out from earlier projections. Market turbulence has forced multiple firms to reassess exit strategies as monetary policy paths remain fluid.
