Singapore-based data center operator DayOne has filed an IPO prospectus with the U.S. Securities and Exchange Commission, intending to list on Nasdaq under the ticker DODC. As of September 20, the company had 962 MW of capacity in service and 1.3 GW under construction, targeting delivery of the in-construction capacity by December 2028 for a combined total of 2.3 GW. DayOne reported revenue of $512 million for the six months ending June 2026, up from $151 million for the same period in 2025, though it posted a net loss of $77 million over the most recent six months. Reuters previously reported the company was aiming to raise $5 billion at a $20 billion valuation, though DayOne has not publicly confirmed a fundraising target.
DayOne's Nasdaq listing would bring one of the largest Asia-Pacific focused data center operators into U.S. public markets, offering investors direct exposure to fast-growing capacity across Hong Kong, Singapore, Malaysia, Indonesia, Japan, Thailand, Finland, and Spain. The company's revenue more than tripling year over year signals the pace at which AI-driven demand is filling hyperscale capacity in Asian markets.
DayOne filing for an IPO with a 2.3 GW capacity target by 2028 is a significant market event signaling investor appetite for data center growth plays and introducing a new public company to the sector.