Kingspan dropped plans for an initial public offering of 25% of its data centre-focused ADVNSYS business on Wednesday, saying shareholder value would be maximised by retaining full ownership as demand for data storage booms.
The Irish building materials manufacturer began working in September on a potential Amsterdam listing of ADVNSYS, which produces bespoke critical infrastructure such as ventilation, with the IPO provisionally planned for the first quarter of 2026.
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Source: Reuters | Published: 2026-01-07T08:08:28Z
Credit: Reuters
