Data center operator AirTrunk is reportedly nearing the submission of its public listing application, potentially making it the largest IPO in Singapore since 2017.

Blackstone-backed data center operator AirTrunk is set to confidentially submit an application for the first public offering of a real estate investment trust in Singapore. AirTrunk is looking to raise around $1.5 billion through the issuance of shares, making it the largest offering in Singapore since 2017.