Digital Realty Trust Inc., a data centre owner and operator, is considering an initial public offering of a trust in Singapore that could raise US$300 million to US$400 million, according to people familiar with the matter.

The US firm is working with advisers on the listing, which could come as soon as the end of the year, the people said. The potential investment vehicle’s portfolio is valued at around US$1 billion, they said, asking not to be identified as the process is confidential.

The listed entity will own about 10 data centres from around the world, one of the people said. It could be structured as a real estate investment trust or a business trust.

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