Blackstone-backed data center operator AirTrunk is preparing to file confidentially for a Singapore IPO as a real estate investment trust, potentially marking the city's largest public listing in years.
AirTrunk is moving toward a confidential filing with Singapore regulators for what could become the biggest IPO on the island in recent years, according to sources familiar with the plan.
The data center operator, backed by global investment firm Blackstone, intends to list as a real estate investment trust (REIT). The confidential filing process allows companies to prepare registration statements privately before public disclosure, streamlining the path to market.
Data center operators have attracted significant investor interest as artificial intelligence infrastructure demand surges globally. AirTrunk operates facilities across Asia-Pacific and serves cloud providers and enterprises.
A major Singapore listing would bolster the city's capital markets as it competes for regional IPO activity. The specific timing and valuation details remain unclear, though sources indicate the filing could come soon.
Confidential filings typically precede public announcements by several weeks. AirTrunk and Blackstone have not publicly commented on the plans.
AI research company Pathway has raised $30 million in seed funding at a $500 million valuation. The startup is developing models based on its proprietary "Post-Transformer" BDH architecture.
224 Ventures, a new AI-native investment firm founded by former AIX Ventures co-founder Shaun Johnson, ex-Google DeepMind researcher Oriol Vinyals, and AI pioneer Yann LeCun, plans to make seed-stage bets with over $100 million in assets under management.
Marco Arment has released Unforgetful, a reminders app designed to prevent users from dismissing notifications too easily. The app aims to solve the problem of ignored reminders through friction-based design.
Fermi Inc. has appointed Lee McIntire as chief executive officer, approximately four months following the departure of its co-founder from the position.