DayOne Data Centers, a fast-growing data center developer in Southeast Asia and Europe, filed on Monday with the SEC for an initial public offering that we estimate could raise $3.0 billion.
Based in Singapore, DayOne operates in Asia Pacific (excluding China) and Europe, providing space, power, and cooling for customers' IT equipment under long-term contracts. Since its 2022 inception, the company has secured 4.6GW of combined capacity in service, capacity under construction, and secured powered land, including approximately 2.3GW of contracted bookings primarily from seven global hyperscale and technology customers. Its footprint spans Malaysia, Indonesia, Singapore, Thailand, Japan, Finland, and Spain, with Malaysia generating a vast majority of revenue in 1H26. Formerly a consolidated subsidiary of GDS Holdings (Nasdaq: GDS), the company was deconsolidated at the end of 2024.
The Singapore-based company was founded in 2022 and booked $845 million in revenue for the 12 months ended June 30, 2026. It plans to list on the Nasdaq under the symbol DODC. DayOne Data Centers filed confidentially on August 10, 2026. Morgan Stanley, J.P. Morgan, BofA Securities, Citi, and BNP Paribas are the joint bookrunners on the deal. No pricing terms were disclosed.
