Market Chatter: Singapore's DayOne Data Centers Said to Confidentially File for US IPO

MT Newswires

08/11

DayOne Data Centers is moving forward with plans to raise $5 billion in a US listing as it confidentially filed for an initial public offering, Bloomberg News reported Tuesday, citing people familiar with the matter.

The Singapore-based data center operator, which the news outlet said earlier is targeting a valuation of $20 billion, is expected to debut as soon as the next quarter. The report said, however, that details and timing could still change.

DayOne Data Centers closed a $4.5 billion series C funding round in June. Since it was established in 2022, it has built a digital infrastructure platform network across Asia and Europe, according to its website.

DayOne Data Centers did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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