Data Center Operator DayOne Confidentially Files for US IPO, Plans to Raise $5 Billion

TechFlow news, August 11, according to Bloomberg, Singapore data center operator DayOne has secretly filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list in the U.S. as early as the next quarter this year. The company plans to raise approximately $5 billion, with a listing valuation of about $20 billion. However, relevant details are still under discussion, and the issuance size and timing may change.

DayOne was founded in 2022 and has currently secured over 1.5GW of data center capacity orders in the Asia-Pacific and European markets. The company completed a $4.5 billion Series C financing round in June this year, led by largest shareholder Coatue Management and Hillhouse Capital (Hillhouse). Reportedly, investors also include GDS Holdings (GDS), SoftBank Vision Fund, and capital affiliated with Citadel founder Ken Griffin. If this listing is successful, it will become another major data center IPO case amidst the AI infrastructure investment boom in recent years.