DayOne Data Centers nears confidential filing for US IPO: sources

Published Mon, Mar 16, 2026 · 07:51 PM

[HONG KONG] DayOne Data Centers is close to filing confidentially for an initial public offering in the US, people familiar with the matter said, paving the way for another multibillion-US dollar deal in an industry riding the artificial intelligence boom.

The Singapore-based data centre operator may submit its draft IPO registration to the US Securities and Exchange Commission as soon as this week, the people said, asking not to be identified because the information is private. No final decisions have been made, however, and the timing may change, they said.

A representative for DayOne did not immediately respond to a request seeking comment.

People familiar with the matter have said that DayOne may seek to raise about US$5 billion in an offering this year and is working with Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley.

Data centres have drawn companies and investors keen to deploy capital into digital infrastructure that’s needed to power AI. Advisers have been particularly busy on mergers and acquisitions in Asia and the US.

Previously known as GDS International or GDSI, DayOne closed a Series C funding round of more than US$2 billion in January to support its international growth. The round was led by investor Coatue Management.

DayOne runs data centres in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo and Finland, its website shows. Other backers include GDS Holdings, Boyu Capital, Hillhouse Investment, SoftBank Vision Fund, Tekne Capital, Baupost Group and Citadel chief executive officer Ken Griffin. BLOOMBERG