Japan's Nippon Telegraph and Telephone Corp filed documents for a major stock listing on Singapore's exchange. The telecom company wants to list a data center real estate investment trust next month. Market sources say the offering could reach $1 billion and become Singapore's largest debut this decade. The trust holds six data center properties valued at $1.57 billion across three continents. Singapore's sovereign wealth fund GIC has agreed to invest more than 100 million units as a cornerstone investor.
The data centers span North America, Europe and Asia Pacific regions. Three properties sit in California with one each in Virginia, Vienna and Singapore. The portfolio generates 90.7 megawatts of total capacity as of December 31st...