Dear readers, Digital Core Reit IPO is now open for subscription. Among the offering of 267,034,000 units, 13,352,000 units are up for public subscription at US$0.88 per unit or S$1.21 per unit. Digital Core Reit IPO intends to raise total gross proceeds of US $977 million.
Digital Core Reit is the only pure-play data centre Singapore Reit, with 10 data centres located in key robust and diverse markets: 4 in Silicon Valley, 2 in Los Angeles, 1 in Toronto and 3 in Northern Virgina. The total appraised valuation of the 10 assets in the portfolio is US $1.4 billion.
The sponsor of Digital Core Reit IPO is Digital Realty Trust which is listed on the New York Stock Exchange and is one of the top 10 largest US-listed Reits and the largest owner and operator of data centre providers in the world.
The public offer closes on 2 Dec 2021 at 12 noon. Trading of Digital Core Reit will commence on a “Ready” basis on 6 December 2021.
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