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DayOne Braving Tougher IPO Market Amid Rising Investor Scrutiny
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CNBC TV18•25-09-2026, 21:16
DayOne Braving Tougher IPO Market Amid Rising Investor Scrutiny
- •DayOne, a Singapore-based data center operator, plans to go public as soon as November, despite a tougher market for IPOs due to higher interest rates and recent setbacks in the data center ecosystem.
- •The company develops and operates data centers for cloud and AI customers, with plans to make its filing with the US Securities and Exchange Commission public in mid-October.
- •DayOne's IPO intentions follow setbacks for other data center operators, including the delay of SB Energy's IPO and a dispute involving Oracle and Blue Owl that could impact a New Mexico data center project.
- •Investors are increasingly scrutinizing data center projects, favoring those with diversified customers, secured power supply, and long-term contracts, especially as AI infrastructure matures.
- •DayOne's geographic diversification and operational data centers, backed by investors like Coatue and Hillhouse, distinguish it from rivals, having secured 2.1 gigawatts of capacity across Asia-Pacific and Europe.
Key Questions Answered
Data center operator DayOne plans to make its filing with the US Securities and Exchange Commission public in mid-October and list in November.
DayOne, which is backed by investors including Coatue and Hillhouse, raised $4.5 billion in a Series C funding round that closed in June.
SoftBank-backed SB Energy postponed plans to formally market its IPO while working to address additional questions from the US Securities and Exchange Commission, alongside investor concerns regarding its valuation and reliance on OpenAI.
