US EditionNTT’s Data Center REIT Ends Flat In $773 Million Singapore Debut
SINGAPORE, JUL 14 – NTT DC REIT raised $773 million with GIC as a cornerstone investor, marking the largest IPO on the Singapore Exchange since 2017 and signaling renewed market interest.
- NTT DC REIT, backed by Japan's NTT Group and Singapore's GIC, started trading on SGX in US dollars on July 14, 2025, raising US$773 million in its IPO.
- The IPO came amid a subdued Singapore listing market and follows three listings this year that raised about $840 million, over 90% from NTT DC REIT alone.
- NTT DC REIT's portfolio includes six data centres located across California, Virginia, Vienna, and Singapore, totaling 90.7 megawatts capacity valued around $1.6 billion.
- NTT DC REIT opened at US$1.02 per unit against an offer price of US$1, and forecasts a 7.5% annualised distribution yield for July 1, 2025, to March 31, 2026.
- This listing marks the largest on SGX since 2017 and is expected to revitalize the exchange, offsetting recent weak demand for major offerings in Singapore's capital market.
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New Strait TimesReposted by 
MSN
MSNData centre NTT DC REIT makes tepid debut after Singapore's biggest IPO in 4 years
SINGAPORE: Singapore's NTT DC REIT , a data centre real estate investment trust, had a lacklustre market debut on Monday after riding a wave of AI interest to raise US$773 million in the city-state's biggest IPO in four years.
·Malaysia
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