DayOne Secretly Files SEC IPO Application To Raise $5 Billion

Singapore-based DayOne submitted a confidential SEC filing for a potential $5B IPO, targeting a $20B valuation. The firm holds 1.5GW in orders and recently closed a $4.5B Series C round.

Woofun AI reports that Singapore-based data center operator DayOne has confidentially filed an initial public offering application with the SEC. The company aims to list in the United States as early as the next quarter of this year, seeking to raise approximately $5 billion with a projected valuation of $20 billion. While specific terms remain under discussion, allowing for changes in issuance scale and timing, DayOne has secured orders exceeding 1.5GW of capacity across Asia-Pacific and European markets since its 2022 founding.

In June of this year, DayOne completed a $4.5 billion Series C funding round led by Coatue Management and Hillhouse Capital, with participation from GDS, SoftBank Vision Fund, and Ken Griffin of Citadel. A successful listing would mark another significant data center IPO amidst growing investment interest in AI infrastructure.