Cordiant Digital Infrastructure Limited on January 25, 2021 confirmed that it will seek to list on the Specialist Fund Segment of the Main Market of the London Stock Exchange, targeting a raise of £300 million. The company will invest mainly in operating digital infrastructure assets, with a focus on data centres, mobile telecommunications towers and fibre-optic network assets, mainly located in the UK, European Economic Area, the US and Canada. Cordiant Digital will look to issue 300 million shares at a price of 100 pence each, to raise £300 million pursuant to the initial issue, comprising a placing and subscription offer. Subscription shares will be issued at no value to initial public offering (IPO) investors on the basis of one subscription share for every eight ordinary shares subscribed. Investec Bank will act as the sole financial adviser, global coordinator and broker. Cordiant Digital will publish its prospectus on January 29, 2021, with initial admission expected to take place on February 16, 2021. "The need for substantial investment in digital infrastructure in the developed world has been starkly highlighted by our experiences during the global Covid-19 pandemic, whilst the increasing digitisation across societies has the potential to have a transformative impact on the global climate and societal challenges that we face," said Chairman Shonaid Jemmett-Page. "In Cordiant, the investment trust will have access to a specialist investment manager with industry-leading experience and the ability to take advantage of the substantial opportunities in the sector," Jemmett-Page added.