DayOne Data Centers Eyes $5B US IPO Amid Booming AI Infrastructure Demand
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DayOne Data Centers, the Singapore-based data center operator, has announced its plans to file for a U.S. initial public offering (IPO). The move comes as the firm aims to raise approximately $5 billion, given the increasing demand for AI infrastructure.
Anticipated Launch and Funding
Founded in 2022, the company intends to list its shares as early as the next quarter. This move follows the successful closure of a $4.5 billion Series C funding round in June. The round was primarily led by Coatue Management and Hillhouse, two of DayOne’s largest shareholders. Newcomers ACHI Capital Partners and the Indonesia Investment Authority also contributed to the funding round.
The newly secured funds are expected to boost DayOne’s expansion plans in critical markets. The company is particularly keen on enhancing its presence in Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland, and Spain.
Assets and Future Plans
At present, DayOne has secured over 1.5 gigawatts of bookings for capacity across Asia-Pacific and Europe. Its prominent investor base includes China’s GDS Holdings, SoftBank Vision Fund, and Citadel’s Ken Griffin.
DayOne’s assets portfolio comprises approximately 480 megawatts of data center capacity either currently in service or under construction. It also has a further 590 MW reserved for future development across key locations in Hong Kong, Indonesia, Japan, Malaysia, and Singapore.
The rise of artificial intelligence (AI) has sparked considerable investor interest in data centers. For instance, Australia’s Firmus Technologies recently reported receiving commitments for a $2 billion investment round.
As the industry continues to grow, other data center operators like Switch and Nscale are also preparing for their U.S. IPOs in 2026.
Questions & Answers
What is the purpose of DayOne Data Centers’ IPO?
The company is aiming to raise approximately $5 billion amid the growing demand for AI infrastructure.
Who led the recent Series C funding round for DayOne?
The round was led by Coatue Management and Hillhouse, two of DayOne’s largest shareholders.
What is the current status of DayOne’s assets portfolio?
DayOne presently has around 480 megawatts of data center capacity that are in service or under construction, with an additional 590 MW reserved for future expansion.