Singapore's IPO market, struggling in a 25-year low, may recover due to real estate investment trusts (REITs), with potential listings like Japan's Nippon Telegraph & Telephone Corp.'
Singapore’s IPO market, facing its worst year in over 25 years, is poised for recovery thanks to real estate investment trusts (REITs). A notable potential listing is Japan's Nippon Telegraph & Telephone Corp., considering a $1 billion data-center REIT. With a 14% rise in Singapore REITs during Q3 and lower global interest rates, the sector is becoming more appealing, likely boosting new listings and investor interest, especially in data centers amid AI growth.
September 30, 2024
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