DayOne Data Centers files for US IPO amid revenue surge

by@Reuters

Summary

Data center operator DayOne has filed for an initial public offering (IPO) in the United States, seeking to gauge investor interest amid challenging market conditions marked by surging bond yields and elevated interest rates, which have led to several major IPOs being postponed. In its filing, DayOne reported a significant increase in revenue, posting $512 million for the six months ending June 30, despite a net loss of $77.2 million, compared to a $12.6 million loss on $151.5 million in revenue during the same period the previous year. As communities express concerns over the heavy resource use of data centers, DayOne aims to use the proceeds from the IPO to fund new projects and general corporate purposes, planning to list under the symbol “DODC” on Nasdaq.

Tokens

$DODC

Analysis

Citigroup: Global investment bank serving as one of the lead underwriters for DayOne Data Centers' planned Nasdaq IPO of American depositary shares. J.P. Morgan: Global investment bank serving as one of the lead underwriters for DayOne Data Centers' planned Nasdaq IPO of American depositary shares. Morgan Stanley: Global investment bank serving as one of the lead underwriters for DayOne Data Centers' planned Nasdaq IPO of American depositary shares. BofA Securities: Global investment bank serving as one of the lead underwriters for DayOne Data Centers' planned Nasdaq IPO of American depositary shares. DayOne Data Centers: Singapore-based data center operator that develops and operates facilities providing space, power, cooling and connectivity primarily for cloud-computing and AI customers under long-term contracts. It maintains operations across multiple countries in Asia-Pacific and Europe. The company filed for a US IPO on October 5, 2026, to fund development of new data-center projects following its rebranding and separation from former parent GDS Holdings. Data Center Scrutiny: Data centers are facing increased community scrutiny over their heavy use of electricity, water and land resources and potential impacts on power grids and utility bills. IPO Market Conditions: Surging bond yields and elevated interest rates are clouding the outlook for the fall IPO market and prompting postponements of several major listings.

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