Market Chatter: Singapore's BDx Data Centers Evaluating IPO, Other Funding Options to Support Expansion

MT Newswires07-02

Singapore-based BDx Data Centers is considering an initial public offering among its funding options as it seeks capital to expand across Asia and capitalize on booming AI demand, Reuters reported Thursday, citing CEO Mayank Srivastava.

Srivastava said the company is evaluating all fundraising options, with its choice ultimately depending on the capital needed to support growth. He added that BDx has not set a timeline for a potential IPO and remains open to listing in any market, according to the report.

Founded in 2019, BDx operates data centers for cloud providers and large enterprises across Asia. It is backed by I Squared Capital, a global infrastructure investor with about $60 billion in assets under management, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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