Data Center Operator AirTrunk Is Said to Delay $1.5 Billion IPO
THE SO WHAT
Higher rates are starting to bite even the 'AI picks-and-shovels' trade—if a hyperscale data center REIT can’t get public on acceptable terms, the cost of capital for new capacity just went up. If your roadmap assumes cheap, infinite colo or cloud expansion in APAC, revisit timing and pricing assumptions this quarter.
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