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

The Temasek-backed business was first rumoured to be looking at external sources of cash as early as 2019/20 through a portfolio sale. That has come not to be, and an IPO is the most likely avenue.

By TTC Newsroom

2 Mins

May 18, 2023 | 11:34 AM BST

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).

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