### NTT's Ambitious Move: Aiming for $864 Million in Singapore Data Centre REIT IPO Japanese telecom giant NTT is set to launch an initial public offering (IPO) for its data centre real estate investment trust (REIT) in Singapore, targeting to raise approximately **$864 million** if an overallotment option is exercised. This move marks a significant step for NTT as it seeks to capitalize on the growing demand for data centre infrastructure in the region. The term sheet released indicates that the bookbuilding process has commenced, with expectations for the listing to occur as early as July 2025 [https://www.reuters.com/business/media-telecom/ntt-seeks-up-864-million-data-centre-reits-singapore-ipo-term-sheet-shows-2025-06-30]. ### Structure of NTT's IPO Strategy 1. **IPO Details**: - NTT is filing for a data centre REIT IPO on the Singapore Exchange. - The target amount is **up to $864 million**, contingent on the overallotment option [https://www.businesstimes.com.sg/companies-markets/ntt-seeks-us864-million-data-centre-reits-singapore-ipo]. 2. **Market Context**: - This IPO is anticipated to be the largest in Singapore in four years, reflecting a robust interest in data centre investments [https://www.businesstimes.com.sg/companies-markets/japans-ntt-files-billion-dollar-reit-listing-mas-ipo-set-be-sgxs-biggest-four-years]. - The REIT will be known as NTT DC REIT, focusing on data centre properties [https://www.mingtiandi.com/real-estate/data-centres/japans-ntt-files-prospectus-for-ntt-dc-reit-ipo-in-singapore]. 3. **Timeline and Process**: - The prospectus was filed with the Monetary Authority of Singapore, marking the beginning of the IPO process [https://www.manilatimes.net/2025/06/28/business/foreign-business/ntt-seeks-to-list-reit-on-singapore-exchange/2139728]. - NTT is currently engaging with cornerstone investors to secure initial commitments [https://www.freemalaysiatoday.com/category/business/2025/06/25/ntt-data-group-targets-july-listing-of-data-centre-reit-on-singapore-exchange]. ### Supporting Evidence and Market Data - **Financial Goals**: - NTT aims to raise **up to $1 billion** through the IPO, which would be a significant financial maneuver in the current market [https://www.devdiscourse.com/article/technology/3481071-ntt-data-group-eyes-billion-dollar-singapore-ipo-for-data-center-reit]. - **Market Position**: - The IPO is expected to be the largest REIT listing in Singapore in a decade, indicating a strong market appetite for data centre investments [https://www.businesstimes.com.sg/companies-markets/japans-ntt-lodges-listing-prospectus-reit-set-be-singapores-largest-ipo-four-years]. ### Conclusion: NTT's Strategic IPO Launch In summary, NTT's planned IPO for its data centre REIT represents a strategic move to leverage the growing demand for data infrastructure in Asia. The key points are: 1. **Target Amount**: NTT aims to raise **$864 million** through the IPO, with potential for up to **$1 billion** [https://www.businesstimes.com.sg/companies-markets/ntt-seeks-us864-million-data-centre-reits-singapore-ipo]. 2. **Market Impact**: This IPO is poised to be the largest in Singapore in four years, highlighting the increasing interest in data centre investments [https://www.businesstimes.com.sg/companies-markets/japans-ntt-files-billion-dollar-reit-listing-mas-ipo-set-be-sgxs-biggest-four-years]. 3. **Timeline**: The listing is expected to occur as early as July 2025, with the bookbuilding process already underway [https://www.reuters.com/business/media-telecom/ntt-seeks-up-864-million-data-centre-reits-singapore-ipo-term-sheet-shows-2025-06-30]. This strategic initiative not only positions NTT favorably in the market but also reflects the growing trend of data centre investments in the region.