GLP, a Singapore-based global infrastructure and logistics provider, is planning to raise as much as $3 billion through an initial public offering in Hong Kong, with the listing targeted for the fourth quarter of the year, according to people familiar with the matter.
The company plans to begin meeting select investors in the coming months ahead of the offering, one of the people said. The final size of the IPO is still being determined, with a potential range of $2 billion to $3 billion, the people said.
The planned listing would make GLP one of the largest infrastructure companies to tap Hong Kong’s resurgent IPO market. The Hong Kong Stock Exchange reported that 40 companies raised more than $14 billion via IPOs in the first three months of 2026, the strongest first-quarter performance since 2021. Hong Kong was one of the world’s most popular listing venues in 2025, and that momentum has carried into this year, driven largely by Chinese companies in artificial intelligence, biotechnology, and pharmaceuticals.
GLP manages approximately $80 billion in assets under management as of the end of December, operating across three main segments. Its logistics platform spans thousands of warehouses and distribution assets across Asia, Europe, and the Americas, serving e-commerce companies, retailers, and third-party logistics providers.
The company’s data-center business is concentrated in China, where it operates about 20 facilities with total capacity of approximately 1.4 gigawatts, including operational sites and projects under development. It also has data-center exposure in Japan, the United Kingdom, and Brazil. Its renewable-energy portfolio totals more than 1 gigawatt, including solar and wind projects.
Most Hong Kong IPOs secure cornerstone investors to anchor demand ahead of launch and help market the deal to institutional and retail buyers.
GLP was founded in 2009 and was once backed by GIC, Singapore’s sovereign-wealth fund. The company was taken private in 2017.