Data center firm Sify Infinit Spaces to file for $500 million IPO in 2 weeks

Sify Infinit Spaces Ltd. is preparing to file for a $500 million initial public offering in the next two weeks, according to people familiar with the matter, in what could be the first Indian data-center operator to list on bourses.

The IPO of Sify Technologies Ltd.’s unit will include both new and existing shares, the people said, asking not to be identified as the discussions are private. Deliberations on the share sale are ongoing and the details could still change, they said.