DayOne Data Centers, a fast-growing data center developer operating across Southeast Asia and Europe, has filed with the U.S. Securities and Exchange Commission for an initial public offering that could raise an estimated $3.0 billion. The Singapore-based company is expanding a large regional data center platform, supported by long-term customer contracts and growing demand for space, power and cooling infrastructure.

Data Center Platform Expands Across Asia and Europe

DayOne Data Centers provides data center space, power and cooling for customers’ IT equipment under long-term contracts. Since its founding in 2022, the company has secured approximately 4.6 gigawatts of combined capacity across facilities in service, capacity under construction and secured powered land.

Its footprint spans Malaysia, Indonesia, Singapore, Thailand, Japan, Finland and Spain, giving the company exposure to data center markets across both Asia Pacific, excluding China, and Europe. Malaysia generated the vast majority of the company’s revenue during the first half of 2026.

Hyperscale Customer Bookings

DayOne has approximately b, primarily from seven global hyperscale and technology customers. The contracted capacity forms a significant component of the company’s development pipeline as it continues building out its regional infrastructure.

The company’s business model is centered on providing critical data center infrastructure under long-term contracts, positioning it to participate in continued demand for computing capacity across its target markets.

From GDS Holdings to an Independent Platform

DayOne Data Centers was formerly a consolidated subsidiary of GDS Holdings (Nasdaq: GDS). The company was deconsolidated from GDS Holdings at the end of 2024.

Since its 2022 inception, DayOne has developed a substantial portfolio spanning multiple countries, with its current operations focused on markets across Asia Pacific and Europe.

IPO Details and Nasdaq Listing

DayOne Data Centers plans to list its shares on the Nasdaq under the symbol DODC. The proposed transaction is estimated to raise approximately $3.0 billion, although the company has not yet disclosed specific pricing terms, including the expected share price or number of shares to be offered.

The company filed confidentially with the SEC on August 10, 2026. Morgan Stanley, J.P. Morgan, BofA Securities, Citi and BNP Paribas are serving as joint bookrunners on the offering.

Based in Singapore and founded in 2022, DayOne generated approximately $845 million in revenue for the 12 months ended June 30, 2026.

Market Context & Opportunities

The proposed offering comes as data center infrastructure continues to require significant investment in power, land and cooling capacity. DayOne’s 4.6 GW platform and 2.3 GW of contracted bookings provide the company with a sizable development base as it expands across Southeast Asia and Europe.

Its relationships with global hyperscale and technology customers could also provide a foundation for continued capacity expansion. The geographic diversification across seven markets gives DayOne exposure to multiple data center development environments rather than relying on a single country.

Risks & Challenges

DayOne’s rapid expansion requires substantial infrastructure development and access to sufficient power, land and cooling resources. Data center projects can also involve significant capital requirements and long development timelines.

The company remains relatively young, having been founded in 2022, while a vast majority of its first-half 2026 revenue came from Malaysia. Investors will therefore need to evaluate how effectively DayOne can translate its contracted bookings and secured capacity into sustainable growth across its broader international footprint.

The proposed $3.0 billion IPO estimate could also make DayOne one of the more significant U.S. technology infrastructure offerings, although final deal terms and valuation have not yet been disclosed.

Closing Paragraph

DayOne Data Centers is preparing for a potentially $3 billion U.S. IPO as it seeks to capitalize on growing demand for data center capacity across Southeast Asia and Europe. With 4.6 GW of combined secured capacity, approximately 2.3 GW of contracted bookings and $845 million in revenue over the latest 12-month period, the company enters the IPO pipeline with a substantial operating and development platform.