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Warburg-Backed Princeton Digital Said to Seek $2 Billion Value

  • Singapore-based firm weighing raising about $400 million
  • Fundraising deal could serve as a step ahead of potential IPO

Princeton Digital Group Pte, an Asia-focused data center operator backed by Warburg Pincus, is considering raising funds from investors in a deal that could boost its valuation to about $2 billion, according to people familiar with the matter.

The New York-based buyout firm is in talks with financial advisers as it seeks to raise about $400 million in a funding round for Princeton Digital, the people said. The fundraising plans would serve as a stepping stone ahead of a potential initial public offering in the coming quarters, they said.