DayOne Data Centres files for proposed US IPO

The number of ADSs and the price range have yet to be determined.

Singapore-headquartered digital infrastructure platform DayOne Data Centres Limited has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of American Depositary Shares (ADSs) representing its ordinary shares.

The company has applied to list the ADSs on the Nasdaq Global Select Market under the ticker "DODC."

Morgan Stanley, J.P. Morgan, BofA Securities, and Citigroup will act as underwriters for the offering.

DayOne has not yet determined the number of ADSs to be offered or the price range.

The proposed offering will be made only through a prospectus.

The proposed IPO comes after DayOne closed a $5.8b (US$4.5b) Series C funding round in June.

The round was led by existing investors Coatue and Hillhouse, which are now the company’s two largest shareholders.

New investors included the Indonesia Investment Authority (INA) and Achi Capital Partners.

Since its inception in 2022, DayOne has secured 4.6 gigawatts (GW) of resources across 10 markets.

Of this, approximately 2.3 GW of total capacity bookings are primarily from seven technology customers.

The Series C financing is expected to support the company’s expansion across Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong SAR, Finland, and Spain.

($1 = US$0.78)

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