Representatives for AirTrunk, Macquarie and PSP didn’t immediately respond to Bloomberg News requests for comment.
Macquarie Capital and at least two other banks will be appointed as joint lead managers of an IPO, according to the AFR, which didn’t cite any source for the information.
Demand for data centres is rising as businesses increase reliance on cloud-based services. The sector is winning attention from investors because of a lack of supply and as it offers exposure to digital infrastructure.
Development of artificial intelligence computing is boosting the industry’s prospects, according to AirTrunk’s CEO Robin Khuda. “The level of growth we are seeing right now is something we have not seen in 10 years,” he told a conference this month. “It’s remarkable.”
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AirTrunk last month obtained a A$4.6 billion multi-currency sustainability-linked loan, the largest syndicated deal in Australia this year.
