Sify Targets $4.2 Billion Valuation in Upcoming IPO

Indian data-center company Sify is planning to pursue a valuation of up to $4.2 billion in a potential initial public offering (IPO) slated for next month. Bloomberg posted on X, highlighting the company's strategic move to capitalize on the growing demand for data services. Sify's decision to go public comes amid a surge in digital infrastructure investments in India, driven by increasing internet penetration and data consumption. The company aims to leverage this trend to attract investors and expand its market presence. Details regarding the exact timing and structure of the IPO are yet to be disclosed, but the anticipated valuation underscores the company's confidence in its growth prospects.