Digital Core REIT is one of the largest IPO that is expected to list on the Singapore Stock Exchange (SGX) on 6^th December 2021. The Offering Price is USD 0.88 per unit. The Trustee is Perpetual (Asia) Limited and the Sponsor is Digital Realty Trust L.P. There are a total of 267 m units offered to public and institutional investors – 13.3m units for the public tranche and a placement tranche of 253.7m units. Digital Core REIT will own 90% of the properties while the Sponsor will own the remaining 10%. The Sponsor will continue to own a 38.1% direct stake. The REIT intends to raise gross proceeds of US$977m from the Offering. There is a long-term track record of portfolio occupancy averaging 99%. The customer retention rate has been high at 96% since 2012. Tailwind of data centre The data center industry is benefiting from demands from digital transformation. With enterprise adoption of hybrid IT public and private cloud computing. There is accelerating digitisation of economic activity....