Triple Point's Digital 9 Infrastructure trust raises £300m in IPO

Trust will invest in undersea cables that power the Internet

Triple Point’s Digital 9 Infrastructure trust (DGI9) has raised £300m in its IPO on the specialist fund segment of the London Stock Exchange.

The externally managed trust, which raised its funds through the issuance of 300 million ordinary shares at £1 per unit, will invest in digital infrastructure assets that deliver a "reliable, functioning internet", according to the firm. Triple Point returns with digital infrastructure IPO Overall, the portfolio will hold operational companies with an existing customer base across digital infrastructure subsectors including subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks including 5G. Following completion of the offer, DGI9 will acquire A...