Firmus and PLDT pull data center IPOs as Asian expansion faces hurdles

First reported by Bloomberg at · Updated · 3 sources

Governments have paused data center development as the region’s industry encounters new obstacles. According to Bloomberg, Jardine’s chief warned that billions of dollars in investment depend on a handful of US technology giants, whose global operations could be disrupted by Washington’s increasingly unpredictable stance toward China.

  • Both IPO withdrawals occurred this week.

Covered by 3 publishers within 12 hours of the first report.

Reporting3

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Topics Data centers