DayOne Data Centers nears confidential filing for US IPO
Singapore, Singapore – March 17, 2026 — Singapore-based DayOne Data Centers Ltd. is close to filing confidentially for a US initial public offering, according to people familiar with the matter. The listing follows a $2.0 billion Series C fundraising round completed in January 2026 and aims to accelerate expansion of the company’s hyperscale platform across Asia-Pacific and Europe.
Overview
DayOne, founded in 2022 and backed by GDS Holdings, operates data centers in Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo, and Finland (Lahti and Kouvola). The company has secured customer commitments for approximately 1GW of capacity. Prior reports indicated DayOne selected JPMorgan and Morgan Stanley for a potential $5 billion IPO targeting a $20 billion valuation. The Series C round, led by Coatue and including Indonesia’s INA, was priced at a 100% premium to prior funding rounds.
Announcement specifics
DayOne, founded in 2022 and backed by GDS Holdings, operates data centers in Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo, and Finland (Lahti and Kouvola). The company has secured customer commitments for approximately 1GW of capacity. Prior reports indicated DayOne selected JPMorgan and Morgan Stanley for a potential $5 billion IPO targeting a $20 billion valuation. The Series C round, led by Coatue and including Indonesia’s INA, was priced at a 100% premium to prior funding rounds.
Stakeholder perspective
“This investment reflects deep confidence in DayOne’s platform quality and long-term growth trajectory. As global demand for AI and cloud infrastructure accelerates, customers are increasingly looking for partners that can deliver at scale, with speed and sustainability across multiple regions.”
— Jamie Khoo, CEO at DayOne Data Centers
Why it matters: The statement underscores investor confidence in DayOne’s readiness for public markets amid surging demand for AI-driven infrastructure.
Industry context
The hyperscale data center sector is experiencing accelerated growth driven by artificial intelligence and cloud computing requirements. DayOne’s $2.0 billion Series C fundraising, priced at a 100% premium to previous rounds, signals strong institutional appetite for digital infrastructure assets in the Asia-Pacific region. The company’s expansion strategy focuses exclusively on APAC and European markets, with no announced plans for MENA hubs such as Riyadh, Dubai, or Abu Dhabi.
The US IPO positions Singapore as a strategic hub for digital infrastructure capital formation, enhancing the region’s competitiveness in the global AI infrastructure landscape.
Conclusion
DayOne’s IPO could unlock capital to execute its 1GW capacity pipeline, delivering AI-ready infrastructure and solidifying its position among global hyperscale providers. The next immediate step involves SEC review following the confidential filing submission.
Sources: Bloomberg, DayOne Data Centers, DayOne Data Centers, Reuters, DayOne Data Centers
