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AI data center operator DayOne files for US IPO after ramping up growth

Andre Savage
Published Oct 5, 2026
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Summary:
  • Singapore-headquartered DayOne Data Centers filed US IPO paperwork Monday, aiming to ride durable demand for AI infrastructure.
  • In the half-year period through June 30, revenue reached $512 million and the net loss was $81.9 million, compared with $151.5 million in revenue and a $13.5 million loss in the prior year interval.
  • In June, DayOne finalized a $4.5 billion Series C round, with leadership from its largest holders Coatue Management and Hillhouse, and added Achi Capital Partners and the Indonesian Investment Authority as new investors.

What the filing says

DayOne has started the path to a US listing after submitting a confidential filing in August. The company plans to list American depositary receipts on the Nasdaq under the ticker DODC. Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. are leading the deal.

The company reported $512 million in revenue and a net loss of $81.9 million for the first half of 2024, compared with $151.5 million in revenue and a $13.5 million loss in the same period last year, according to the SEC filing.

Data center listings are how public investors finally get exposure to AI infrastructure. Market Briefs covers the IPO pipeline free every morning.

Money, investors and market context

Bloomberg News has reported the offering might bring in up to $5 billion at a roughly $20 billion valuation. The IPO queue in data centers is filling up: Switch Inc. aims for a near-$50 billion valuation including debt, and London-based Nscale could raise up to $3 billion, according to people familiar with the matter.

DayOne rebranded last year from GDS International and was once an international affiliate of GDS Holdings Ltd., a Chinese data center operator. GDS remains an investor. Its investor roster also features SoftBank Vision Fund and Citadel's Ken Griffin. In June, DayOne wrapped a $4.5 billion Series C led by Coatue Management and Hillhouse, with Achi Capital Partners and the Indonesian Investment Authority joining as new backers.

Operations and the takeaway for your portfolio

Founded in 2022, DayOne says it has lined up capacity bookings totaling more than 1.5 gigawatts across Asia Pacific and Europe. The company is running facilities or building new ones in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Japan, Finland and Spain.

Big picture, the AI buildout is pulling real dollars into power and racks, and companies like DayOne are lining up to meet it in public markets. If you are watching where infrastructure money is flowing, IPOs like this are a window into how that demand is being financed and where the growth is showing up.

What prices and what stalls tells you where real appetite sits. Get the free Market Briefs daily newsletter and watch the window.

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