Data centre IPO hopefuls brave tougher market as investor scrutiny grows
The Singapore-based company develops and operates data centers for cloud and AI customers. It plans to make its filing with the US Securities and Exchange Commission public in mid-October and list in November, the people said, speaking anonymously to discuss confidential matters. The plans, including the timing of the IPO, are subject to change, the people cautioned. DayOne declined to comment.
Data center operator DayOne is set to go public in November, despite challenges in the industry, according to sources. The Singapore-based company will file with the US Securities and Exchange Commission in mid-October before listing in November, though details are subject to change. This move comes as investor scrutiny grows due to rising interest rates and setbacks in the data center sector.
DayOne's IPO plans are bolstered by its diversified customer base, operational data centers, and a $4.5 billion Series C funding round. The company operates in Asia-Pacific and Europe, with 2.1 gigawatts of secured capacity. In contrast, SB Energy has postponed its IPO due to SEC questions and investor concerns over valuation and reliance on OpenAI.
Other data center developers, like Switch, are also exploring IPOs as the AI infrastructure market matures and investor interest wanes.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
