Deliberations are preliminary and details of the funding round could still change, the people said. A representative for Temasek declined to comment.
A digital infrastructure provider backed by Singapore’s state-owned investment firm Temasek Holdings Pte is considering raising as much as US$1 billion ($1.32 billion) in a funding round before its potential initial public offering, according to people with knowledge of the matter.
ST Telemedia Global Data Centres has held talks with potential advisers on the fundraising as it’s keen to bring in strategic investors, the people said. The funding round would help set a valuation benchmark for an IPO, which could happen as soon as next year, the people said, asking not to be identified as the process is private.
