Data Center IPO: DayOne defies tough market amid growing scrutiny
Article excerpt
Singapore-based data center operator DayOne is pushing ahead with its plans for an initial public offering (IPO) as early as November, three people familiar with the matter told Reuters. The company develops and operates data centers for cloud and AI customers and aims to go public despite rising interest rates and setbacks in other areas of the data center ecosystem. The plans envision making the application public with the US Securities and Exchange Commission (SEC) in mid-October and being li
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It could seek to raise up to $5 billion in the IPO, at a valuation of around $20 billion, Reuters previously reported.
