Deliberations are at an early stage and details of the IPO could still change, according to the people. The company could also opt to stay private for longer, they said. A representative for Temasek declined to comment.
ST Telemedia Global Data Centres, a company backed by Singapore’s state-owned investment firm Temasek Holdings Pte, is exploring a potential initial public offering that could raise more than US$1 billion, according to people with knowledge of the matter.
The Singapore-based data centre operator has held discussions with potential advisers on an offering that could value the firm at over US$5 billion, the people said. STT GDC is considering Singapore and the US among possible listing venues, said the people, who asked not to be identified as the information is private. A share sale could take place as soon as the end of this year if it decides to proceed, they added.
