According to people familiar with the matter, data center operator AirTrunk postponed the initial public offering of a real estate investment trust fund originally planned in Singapore until next year, as rising interest rates and market fluctuations dampened investor demand. People familiar with the matter said that the company, which is supported by the Blackstone Group, originally planned to officially launch an evaluation of investors' interest in the $1.5 billion REIT listing transaction in early October.

According to people familiar with the matter, data center operator AirTrunk postponed the initial public offering of a real estate investment trust fund originally planned in Singapore until next year, as rising interest rates and market fluctuations dampened investor demand. People familiar with the matter said that the company, which is supported by the Blackstone Group, originally planned to officially launch an evaluation of investors' interest in the $1.5 billion REIT listing transaction in early October.