Data center operator AirTrunk is considering an initial public offering that would give the company an enterprise value of more than A$10 billion ($6.4 billion), the Australian Financial Review reported.
AirTrunk investors Macquarie Asset Management and PSP Investments sent a request for proposals to seven banks earlier this month for a review that will examine an IPO in Australia and options including the sale of a minority stake in the business, according to the newspaper.
Representatives for AirTrunk, Macquarie and PSP didn’t immediately respond to Bloomberg News requests for comment.
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