Singapore-based DayOne Data Centers Ltd is reportedly close to filing confidentially for an initial public offering (IPO) in the US, potentially marking another multibillion-dollar deal in the booming data centre sector driven by artificial intelligence.
Sources familiar with the matter said the company could submit its draft IPO registration to the US Securities and Exchange Commission as early as this week, though no final decisions have been made and timing may change. DayOne did not immediately respond to requests for comment.
The company is said to be targeting around US$5 billion (RM19.7 billion) in its offering, working with Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley. Data centres have attracted significant investment as digital infrastructure demand surges with AI development, fueling mergers and acquisitions activity in Asia and the US.
Formerly known as GDS International (GDSI), DayOne closed a Series C funding round of over US$2 billion in January, led by Coatue Management, to support international expansion. Its operations span Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland. Other investors include GDS Holdings, Boyu Capital, Hillhouse Investment, SoftBank Vision Fund, Tekne Capital, Baupost Group, and Citadel CEO Ken Griffin.
