Data center IPOs suddenly on shaky ground worldwide

Several data center companies have delayed or put their plans for initial public offerings on hold, a sign that the market for data center real estate investment trusts is cooling down. Blackstone-backed AirTrunk has delayed its plans for a public offering as a real estate investment trust in Singapore.

The delay is a sign that investors are becoming more cautious about investing in data center companies, which have seen a surge in valuations in recent years. The cooling of the market is also attributed to the economic downturn and the uncertainty surrounding the global economy.