AirTrunk taps IPO managers
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The news: Hyperscale data centre company AirTrunk has selected Macquarie Capital and Goldman Sachs to manage its potential IPO, the Australian Financial Review reports.
The numbers: The deal would be worth around $10 billion dollars, Nine reported in September, and would represent the biggest IPO since health insurer Medibank was listed in 2014 for $5.7 billion.
The context: AirTrunk delivers and hosts hyperscale data centres in Australia, Japan, Singapore and Hong Kong and has recorded surging earnings growth on the back of demand for cloud services. As the global AI boom reaches an apparent fever pitch, this growth is set to continue.
The source: AFR
