Singapore data centre NTT DC REIT to raise around $773 million from IPO

Singapore data centre real estate investment trust NTT DC REIT intends to raise gross proceeds of around $773 million from its initial public offering on the domestic bourse, it said on Monday.

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…