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WHTop → 📋 News → DataBank Secures $250M Investment and $600M Secondary Share Sale
DataBank Secures $250M Investment and $600M Secondary Share Sale
📅 - DataBank, a provider of edge colocation, connectivity solutions and managed services has secured a $600 million secondary share sale alongside a $250 million equity investment from private equity firm TJC. This latest funding follows strong investor interest in DataBanks $2 billion primary equity round announced in October 2024, bringing the companys total debt and equity financing to approximately $5 billion over the past 18 months.
The secondary share sale involved purchases from existing investors, highlighting continued demand for high-quality investments in the data center sector, particularly as artificial intelligence (AI) accelerates the need for scalable digital infrastructure. [...][... Check source for end of article ...]
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📅 - DataBank, a provider of edge colocation, connectivity solutions and managed services has secured a $600 million secondary share sale alongside a $250 million equity investment from private equity firm TJC. This latest funding follows strong investor interest in DataBanks $2 billion primary equity round announced in October 2024, bringing the companys total debt and equity financing to approximately $5 billion over the past 18 months.
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