Australian data centre operator AirTrunk is reportedly considering an initial public offering (IPO) at a valuation of more than $6.4 billion; while Global Lights Acquisition, a blank cheque company based in Beijing, has filed to raise $60 million in an IPO in the US.
AirTrunk eyes Australia IPO at A$10b valuation
Australian data centre unicorn Airtrunk is considering an IPO in Australia that will value the company at more than A$10 billion ($6.4 billion), the Australian Financial Review reported.
According to the report, the company’s investors — Macquarie Asset Management and PSP Investments – have requested seven banks to examine a potential IPO in Australia or the sale of a minority stake in the business.
The AFR report added that Macquarie Capital and two other banks will be named joint lead managers of AirTrunk’s IPO. AirTrunk has not issued an official statement on its reported IPO plan.
Founded in 2014, AirTrunk develops and operates large-scale wholesale data centres that provide a platform for cloud, content, and large enterprise customers across the Asia-Pacific region. It opened its two Australian data centres in 2017.
In March, the hyperscale data centre specialist raised a A$650-million sustainability-linked loan for a data centre in Japan.
China’s Global Lights Acquisition files files to raise US IPO
Global Lights Acquisition, a Beijing-based special purpose acquisition company (SPAC) has filed with the US Securities and Exchange Commission to raise $60 million in an IPO.
In its filing, the blank-cheque company said it will sell 6 million units for $10 apiece to raise $60 million. Each unit will consist of an ordinary share and a right to receive one-sixth of a share after a business combination is completed.
The company said it seeks to combine with a business that provides solutions promoting sustainable development and focuses on environmentally sound infrastructure and industrial applications that address the climate crisis.
“We believe that we will add value to these businesses primarily by providing them with access to the US capital markets,” Global Lights said, adding that its search will not be limited to a particular region.
It seeks to list its shares on the Nasdaq Global Market under the ticker GLAC.