Princeton Digital Group: Princeton Digital Group considers $400m fundraising ahead of potential IPO

According to reports from Bloomberg, Princeton Digital Group wants to raise funds from investors to the tune of $400 million. Princeton Digital Group invests, develops, and operates data centers across Asia in countries like Singapore, China, Indonesia, and India. It also has 18 data centers in 12 cities across Asia. The report states that PDG is backed by Warburg Pincus, and the fundraising could help increase its valuation to $2 billion.

The fundraising is considered a step towards its planned Initial Public Offering (IPO) coming up soon. However, the considerations for the fundraising are still in the early stages, and the details could still change.