Singapore data centre NTT DC REIT to raise around $773 million from IPO
NTT DC REIT, whose sponsor or backer, NTT Ltd is part of Japanese telecommunication giant Nippon Telegraph and Telephone Corp (NTT), has six data centres located in Austria, Singapore and the United States, which its statement on Monday said were valued at $1.57 billion in total.
The initial public offering, expected on July 14, will comprise 599.89 million units priced at $1.00 per unit, or S$1.276 per unit, the statement said.
It said cornerstone investors, which are large institutional investors that subscribe to an IPO offering before it is open to the public, collectively hold a 16.8% stake.
Among the cornerstone investors are Singapore sovereign wealth fund GIC with a 9.8% stake, making it second largest investor after NTT Ltd, which has 25%, according to the statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Groq launches its first European data centre in Helsinki
US-based artificial intelligence (AI) chipmaker Groq has unveiled a new data centre in Helsinki, Finland. The new facility will cater to the growing demand for AI inference services in the European region. Additionally, it will offer reduced latency, quicker response times, and enhanced data governance. The new data centre, Groq's first in Europe, has been established in partnership with US-based Equinix, a global digital infrastructure company. It further solidifies the association between both companies, building on their previous site in Dallas, Texas, US. Jonathan Ross, CEO and founder of Groq, remarked that the new European data centre offers the lowest possible latency and ready infrastructure. "As demand for AI inference continues at an ever-increasing pace, we know that those building fast need more – more capacity, more efficiency, and with a cost that scales,' he further added. Regina Donato Dahlstrom, managing director for the Nordics at Equinix, reaffirmed Finland as a standout choice for hosting the new data centre. She attributed it to the country's sustainable energy policies, free cooling, and reliable power grid. "Combining Groq's cutting-edge technology with Equinix's global infrastructure and vendor-neutral connectivity solutions enables efficient AI inference at scale,' she added. Headquartered in the US state of California, Groq builds AI accelerator application-specific integrated circuits (ASICs). It has around 500 employees globally. Last year, it announced an expansion in Saudi Arabia. "Groq launches its first European data centre in Helsinki" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 hours ago
- Yahoo
Why questions about the reliability of federal economic data have become unavoidable
It didn't generate a lot of attention, but Federal Reserve Chairman Jerome Powell was asked at a press conference last month about 'cutbacks' in federal economic statistics collection, and his response struck me as interesting. 'Having really good data ... doesn't just help the Fed; it helps the government; it helps Congress; it helps the executive branch,' Powell explained. 'More importantly, really, it helps businesses. They need to know what's going on in the economy. The United States has been a leader for many, many years in this whole project of measuring and understanding what's happening in our very large and dynamic economy — and I hate to see us cutting back on that, because it is a real benefit to the general public.' These unscripted comments came to mind late last week when the new monthly job numbers came out — over the first six months of 2025, U.S. job growth has slowed to a 15-year low — and I heard from some readers who asked variations on the same question: Can we trust economic data from the Trump administration? In an era in which traditionally apolitical agencies have become overtly partisan, aren't there reasons to be skeptical about the accuracy of federal statistics, which could be manipulated to advance the White House's political agenda? Broadly speaking, there are two angles to this worth keeping in mind. The first relates to concerns about corruption and political mischief. Perhaps Donald Trump, the argument goes, might use his influence to tell the Labor Department to manipulate the data and deceive the public. To date, there have been instances in which the release of embarrassing government statistics was delayed, but there's been no evidence of statistics being altered to fit a political narrative (though if you're a government official who's received such pressure, I sincerely hope you'll reach out to us and take advantage of one of the many secure ways to communicate with the show). The second, however, relates to the process through which data is collected. The New York Times reported: ... Mr. Trump's freeze on federal hiring, combined with the buyouts he offered early in his term, has led to increased staff attrition at the statistical agencies. Staffing shortages appear to have been a factor in the Bureau of Labor Statistics' recent cuts, according to information the agency provided by email to private-sector economists. ... Economists consistently say they still believe federal economic statistics. But they worry the numbers will gradually become more volatile and prone to larger revisions. That is bad news for policymakers, investors and anyone else who depends on accurate, timely data to make decisions. A related report in The Washington Post added, 'Any erosion in the integrity of government data could complicate policymakers' view of the economy, which is undergoing major policy changes from across-the-board tariff increases to strains in the labor market due to a loss of immigrants.' In other words, even if we put aside concerns about possible future corruption, the more pressing issue is whether the relevant federal agencies are positioned to produce accurate data — not because of political shenanigans, but because the offices simply aren't equipped to do the job, despite their best efforts. My focus has been on jobs, but this goes well beyond the unemployment rate. Politico reported last month: The Labor Department has scaled back data-collection efforts that feed into its statistical bureau's monthly inflation estimate, a step that economists and agency alums say will weaken the quality of economic reports that are critical to businesses and policymakers. The move follows a similar decision to eliminate hundreds of gauges that track wholesale prices charged by toymakers, tool manufacturers and other companies. This is likely to get worse before it gets better. Watch this space. This article was originally published on
Associated Press
3 hours ago
- Associated Press
KONET Officially Launches 'KONET LAB', a Platform Where Anyone Can Create Web3 Tokens
- Evolving into a comprehensive Web3 infrastructure platform with Staking, Earn, and DEX features - KONET Mainnet already integrated with top-tier exchanges such as Bybit, and GOPAX SINGAPORE, SG / ACCESS Newswire / July 7, 2025 / KONET, a global blockchain mainnet project, has officially launched KONET LAB, an all-in-one platform that enables anyone to easily issue and utilize Web3 KONET Lab is Officialy Live KONET LAB provides an intuitive interface that allows individuals or businesses to create their own tokens in just a few clicks, without any blockchain development knowledge. Built on KONET's Ethereum Virtual Machine (EVM)-compatible mainnet, the platform offers a fast and low-cost environment to design community- or DApp-based token economies. Beyond simple token issuance, KONET LAB will gradually incorporate native Staking and Earn functionalities unique to the KONET mainnet. Users will be able to design various reward structures for their own tokens or build automated yield distribution systems for KONET holders. KONET LAB also plans to introduce a native decentralized exchange (DEX) in the near future, providing practical liquidity and trading infrastructure for issued tokens. The KONET mainnet is already integrated with major global exchanges such as Bybit, and GOPAX, opening opportunities for newly created tokens on LAB to utilize KONET's growing ecosystem and trading networks. Key Features and Future Plans of KONET LAB * Token creation without any technical or development skills * One-click deployment and management of smart contracts * Low transaction fees via the KONET mainnet * Built-in Staking and Earn mechanisms for token-based rewards (upcoming) * DEX functionality to support decentralized trading (upcoming) * Integrated with global top-tier exchanges such as Bybit, * Multi-chain expansion and DApp interoperability in development A KONET spokesperson commented, 'KONET LAB is more than just a token creation tool, it's a next-generation platform to design and operate a full Web3 economy. With KONET already integrated into top-tier global exchanges, we provide the ideal foundation for creators and communities to scale their projects within a robust and interconnected blockchain environment.' Visit KONET LAB: KONET Official Website: Buy KONET: Contact InformationWyatt Lee CMO +82 10 4694 6129 SOURCE: KONET press release
