Digital 9 Infrastructure set for £400m London listing
Digital 9 Infrastructure is targeting an initial raise of £400m.
Digital 9 Infrastructure, an investment trust, today announced that it was launching a £400m London initial public offering (IPO).
The trust, which is newly established, will invest in a range of digital infrastructure assets, including subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks.
It will be externally managed by Triple Point Investment Management, a firm with £1.8bn on its books.
The firm is targeting annual returns of 10 per cent, with an initial dividend target of six per cent.
Up to £160m of proceeds from the listing is expected to be invested into Aqua Comms, a platform owning and operating some 20,000km trans-Atlantic sub-sea fibre systems.