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Singapore

The Tech Capital STT mulling $1bn pre-IPO raise for data centre business

STT’s data centre unit, STT Global Data Centers (STT GDC), is mulling a US$1 billion raise as it considers an initial public offering (IPO). The group, backed by Singapore’s state-owned investment firm Temasek Holdings, is rumoured to have already held conversations with potential advisers on the raising round. The funding could help set a valuation benchmark for an ...

May 18

The Tech Capital UOB announces $500m tech park for Singapore

Asian bank UOB said it will invest more than S$500 million (~US$375 million) to build its new global technology and innovation centre in JTC’s Punggol Digital District (PDD), Singapore. With this investment, UOB becomes the first local bank to establish its presence in Singapore’s first smart and sustainable business district, and is the largest commercial investor in P...

April 20

The Tech Capital Mawson Infrastructure sells greenfield data centre sites

Digital infrastructure provider Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has signed and closed a binding sale agreement for Mawson's greenfield sites in Midland, Texas. The sale price was US$8.5 million in cash and stablecoins. The transaction involved the sale of 100% of Mawson's subsidiary Luna Squares Texas LLC, which held the relevant lease agreements and rela...

April 20

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