DigiCo REIT, Australia's biggest IPO in six years, modestly debuted after raising A$2 billion for data center expansion.

DigiCo REIT, Australia's biggest IPO in six years, saw a modest start trading slightly below its A$5.00 offer price. The company, focused on data centers, raised A$2 billion and plans to use the funds to expand in Australia. Despite a tepid debut, the data center sector remains attractive due to rising global demand for data storage and AI. DigiCo aims to grow its portfolio and target more U.S. markets.

4 months ago
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