AirTrunk, a data centre operator backed by Blackstone, is preparing to launch an initial public offering (IPO) of a Singapore real estate investment trust (REIT) in September or October 2026, with expected proceeds of around US$1.5 billion [1, 2, 3, 4]. The company has already filed for the listing confidentially and begun meetings with potential cornerstone investors in advance of the offering [1, 2, 3, 4].
The timing and size of the IPO may vary depending on market conditions at the time of the launch [1, 2, 3, 4]. AirTrunk operates data centres across the Asia-Pacific region, including facilities in Singapore, Malaysia, Japan, India, Hong Kong, and Australia [1, 3, 4].
Blackstone and the Canada Pension Plan Investment Board completed the acquisition of AirTrunk in 2024 for a price exceeding A$24 billion, or roughly US$16.77 billion [1, 2, 3, 4]. The upcoming IPO follows strong global investor interest in data centres, driven by rising demand from cloud computing and artificial intelligence companies [1, 2, 3, 4].
AirTrunk declined to comment when the plans were reported in mid-July 2026 [2, 4]. The IPO will mark a significant step for AirTrunk as it seeks to tap public markets to expand its footprint amid growing technological demand in the region [1, 2, 3, 4].
