Business · Companies · 3 hrs ago
AirTrunk pauses plans for Singapore listing amid market uncertainty
Sydney-based data centre developer AirTrunk has paused plans to list in Singapore amid volatile markets.
The company, founded by Robin Khuda in 2015, was acquired by Blackstone for $24 billion in 2024.
AirTrunk had sounded out some investors about a possible listing, but gave no timeline.
It was considering a structure similar to a real estate investment trust, and investors questioned the proposed fund’s terms.
The pause comes as investors scrutinise AI-related listings more closely, despite strong demand for data centres and AI services.
Other businesses have also delayed or dropped planned share offerings, including Firmus, which abandoned a proposed $44 billion Australian float.
AirTrunk continues to expand in Asia, including plans to increase its investment in Japan to as much as US$30 billion.
No new listing date has been announced.
AirTrunk has reportedly paused plans for a Singapore listing amid market volatility.
The Sydney-based data centre developer was also deterred by uncertainty over the direction of US interest rates, according to The Wall Street Journal.
AirTrunk had sounded out select investors earlier this year about a possible listing, but no timeline had been set.
The proposed offer was expected to be structured like a real estate investment trust and include a major data centre in Melbourne’s western suburbs.
AirTrunk declined to comment, according to Stockhead.
- Who
- AirTrunk, a Sydney-based data centre developer.
- What
- It has reportedly paused plans for a Singapore listing.
- When
- Reported on October 15, 2026; the date the plans were paused is not stated.
- Where
- Singapore.
- Why
- Market volatility and uncertainty about the direction of US interest rates.
This story does not have two clearly opposing sides.
Robin Khuda founded AirTrunk.
Blackstone acquired AirTrunk for $24 billion.
AirTrunk began sounding out select investors about a possible Singapore listing.
Stockhead reported that AirTrunk had paused its listing plans.
- Company
- AirTrunk
- Proposed listing venue
- Singapore
- Acquisition
- Blackstone acquired AirTrunk for $24 billion in 2024
- Founder
- Robin Khuda founded AirTrunk in 2015
- Proposed structure
- Real estate investment trust
What people are saying
We love the fundamentals of the Japanese market.