Cordiant Capital to launch digital infrastructure investment trust

Seeking £300m

Cordiant Capital has targeted a £300m raise for a digital infrastructure investment trust, as it looks to "capitalise on the surging growth in data consumption and traffic".

The investment manager will look to issue up to 300 million ordinary shares at 100p each through an initial placing and offer for subscription. Subscription shares will be issued for nil value to IPO investors subscribing for ordinary shares on the basis of one subscription share for every eight ordinary shares subscribed. Cordiant Digital Infrastructure will mainly invest in operating digital infrastructure assets, with a predominant focus on data centres, mobile telecommunications/broadcast towers and fibre-optic network assets, primarily located in the UK, the EEA, the United State...