Digital Realty’s US$1.5bil deal joins wave of US share sales

Companies and shareholders raised nearly US$46bil in the first three months of 2024 via sales of new and existing shares, excluding initial public offerings. — Bloomberg

NEW YORK: Data-centre real estate investment trust Digital Realty Trust Inc sold US$1.5bil of stock in the largest sale of new shares by a public company in the US since March, as Corporate America and many of its biggest investors resume the heady pace set in the first quarter.

Companies and shareholders raised nearly US$46bil in the first three months of 2024 via sales of new and existing shares, excluding initial public offerings (IPOs), data compiled by Bloomberg show.