Singapore-based data firm DayOne ‘confidentially files’ for $6.4b IPO in US
The data centre operator aims to list as early as the next quarter, sources say.
Singapore-based data center operator DayOne Data Centers has filed confidentially for an initial public offering (IPO) in the United States, according to sources familiar with the matter. The company is targeting a listing as early as the next quarter and has been considering raising approximately US$5 billion (S$6.4 billion) from the IPO. Bloomberg previously reported that DayOne may aim for a valuation of around US$20 billion from the listing.
Further details, such as the size and timing of the IPO, are still subject to ongoing considerations, the sources said, declining to be identified while discussing private information. DayOne has not yet responded to requests for comment.
The company closed a US$4.5 billion Series C funding round in June, led by its largest shareholders, Coatue Management and Hillhouse, along with new investors ACHI Capital Partners and the Indonesia Investment Authority. This funding will support DayOne's expansion in key markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland, and Spain. Since its inception in 2022, DayOne has secured over 1.5 gigawatts of bookings for capacity in the Asia-Pacific and Europe.
Notable investors in DayOne include China's GDS Holdings, SoftBank Vision Fund, and Citadel's Ken Griffin. The surge in investor interest in data centers, driven by the rise of artificial intelligence, has led to other operators like Australia's Firmus Technologies, Coatue's involvement in Firmus' US$2 billion investment round, and Switch and Nscale also considering IPOs in the United States for 2026.
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