Digital 9 Infrastructure is planning to raise £400 million ($547 million) in an IPO on the London Stock Exchange. The company will list 400 million ordinary shares at an issue price of £1 ($1.4) each.
Digital 9 Infrastructure will invest in a range of digital infrastructure assets, including subsea fiber, data centers, terrestrial fiber, tower infrastructure and small cell networks such as 5G. The company said it will primarily focus on operational digital infrastructure investments that have an existing customer base.
“The demands on internet infrastructure are rising exponentially, as more of the world goes online, using more devices, with greater processing power,” said Thor Johnsen, head of digital infrastructure at Triple Point. “The world’s digitally connected economies depend on an ecosystem of subsea connections, data centers, wireless towers and terrestrial fiber.”
He added, “Existing infrastructure cannot cope with the expected demand.”