Singapore-based Data Center Operator Is Said to Confidentially File for $5 Billion IPO in US

DayOne Data Centers Ltd., a Singapore-based data center operator, has confidentially filed for a US initial public offering and aims to raise about $5 billion, according to people familiar with the matter. The company, which closed a $4.5 billion Series C funding round in June led by Coatue Management and Hillhouse, may target a valuation of about $20 billion. The listing could occur as soon as next quarter, driven by surging investor interest in AI-related data center infrastructure.

Bloomberg -- DayOne Data Centers Ltd. has confidentially filed for a US initial public offering, according to people familiar with the matter. Most Read from Bloomberg - China Unleashes $28 Trillion Capital Markets to Challenge US in AI https://www.bloomberg.com/news/features/2026-08-09/china-bets-on-ai-stocks-as-it-races-against-us-for-chip-tech-dominance?utm campaign=bn&utm medium=distro&utm source=yahooUS - Stocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets Wrap https://www.bloomberg.com/news/articles/2026-08-09/stock-market-today-dow-s-p-live-updates?utm campaign=bn&utm medium=distro&utm source=yahooUS - Iran Shakes Up Security Team After Saying Oman Deal 'Very Close' https://www.bloomberg.com/news/articles/2026-08-09/wait-for-hormuz-deal-stretches-on-as-iran-says-terms-must-be-met?utm campaign=bn&utm medium=distro&utm source=yahooUS The Singapore-based data center operator aims to list as soon as next quarter, the people said, asking not to be identified discussing private information. It has been considering raising around $5 billion from the IPO, the people said. Bloomberg News reported previously that DayOne may target a valuation of about $20 billion from the listing. Considerations are ongoing and details including size and timing may change, the people said. DayOne didn't immediately respond to a request for comment. DayOne closed a $4.5 billion Series C funding round in June, led by its biggest shareholders, Coatue Management and Hillhouse, and also including new backers Achi Capital Partners and the Indonesian Investment Authority. The financing will accelerate DayOne's expansion in key markets such as Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland and Spain, the company said. Since its inception in 2022, DayOne has secured more than 1.5 gigawatts of bookings for capacity in the Asia Pacific and Europe. Its investors also include China's GDS Holdings Ltd., SoftBank Vision Fund and Citadel's Ken Griffin. Investor interest in data centers has been surging with the rise of artificial intelligence. Australia's Firmus Technologies Pty said last week it had received commitments for a $2 billion investment round. Coatue was involved in that as well. Switch Inc. and Nscale are among other data center operators lining up IPOs in the US as soon as this year. --With assistance from Manuel Baigorri. Most Read from Bloomberg Businessweek - Supercharged by Social Media, the GLP-1 Boom Is Warping Teen Psyches https://www.bloomberg.com/news/features/2026-08-10/youtube-tiktok-glp-1-content-has-teens-obsessing-over-their-health-bodies?utm campaign=bw&utm medium=distro&utm source=yahooUS - How Apple and India Built an Alternative iPhone Production Hub https://www.bloomberg.com/news/features/2026-08-05/apple-builds-iphone-production-capacity-in-india-to-hedge-its-china-risk?utm campaign=bw&utm medium=distro&utm source=yahooUS - The $5 Billion Cosmetics Company Behind the High-Flying Rhode Brand https://www.bloomberg.com/news/features/2026-08-07/hailey-bieber-founded-rhode-helps-power-e-l-f-beauty-to-5-billion-empire?utm campaign=bw&utm medium=distro&utm source=yahooUS ©2026 Bloomberg L.P.