UAE – Mubasher: Mubadala Investment Company (Mubadala) is studying investing in Singapore-based data centre provider Princeton Digital Group (PDG), sources told Bloomberg.

The sources added that this potential investment is part of PDG's fundraising plans to secure around $400 million in a transaction that could raise its valuation to about $2 billion.

Mubadala would become the main investor in the financing round by PDG, backed by private equity company Warburg Pincus, and other investors are set to join the round over the coming weeks.

The sources announced that the fundraising would come ahead of a potential initial public offering (IPO), but the deliberations are still ongoing and no final decision has been made.