Cordiant Digital Infrastructure IT raises £370m in London IPO

Trust breaks initial £300m target

Cordiant Digital Infrastructure has successfully raised £370m at an issue price of 100p per share and will list on the London Stock Exchange tomorrow (16 February).

Subscription shares will be issued to subscribers in the initial issue for nil value on the basis of one subscription share for every eight ordinary shares subscribed. In January, Cordiant Capital said it was targeting a £300m raise for the investment trust. 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 US and Canada. Cordiant Capital to launch digital infrastructure investment...