Digital Core REIT to raise $600m in SG’s biggest IPO in 2021

Digital Core REIT, sponsored by U.S.-listed Digital Realty Trust, is set to raise $600  million in an initial public offering (IPO) in Singapore, the largest listing in the city-state this year, the company said in its prospectus on Monday.

The Real Estate Investment Trust (REIT), which owns 10 freehold data centres in the United States and Canada worth around $1.4 billion, is issuing 682 million units at $0.88 per a piece, excluding a greenshoe option worth $47 million.

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