DayOne Data Centers Files for Nasdaq IPO amid Market Uncertainty

Singapore-based DayOne Data Centers on Monday filed for an initial public offering on the Nasdaq Stock Market, a signal of optimism about the IPO market. A string of companies have postponed plans to go public in recent weeks due to choppy market conditions.

DayOne, which mainly operates data centers in Southeast Asia, reported fast-growing revenue as well as widening losses in its filing. Its revenue increased more than twofold to $484 million in 2025 from 2024, and more than threefold in the first half of this year to $512 million compared to the same period last year. The company also recorded net losses of $369 million in 2025, and $82 million in the first six months of this year.

The company was initially set up as a Singaporean subsidiary of Shanghai-based data center firm GDS Holdings, and later rebranded to DayOne after raising money from outside investors. DayOne’s top three shareholders are Coatue Management, HillHouse and GDS, each of which owns about 19% of the company.

The filing didn’t say how much Dayone intends to raise or the timeline of the IPO. Bloomberg reported in August that the company was seeking to raise $5 billion.