Singapore-based DayOne Data Centers Ltd. has filed for a US IPO on Nasdaq under the symbol DODC to fund new projects. The filing reveals a surge in six-month revenue to $512 million, though net losses widened to around $77 million to $82 million. The company, rebranded in 2025 after spinning off from GDS Holdings, operates across Asia-Pacific and Europe. The listing tests investor appetite for AI infrastructure amid high interest rates and rising environmental scrutiny over data center resource use.
Details of the initial public offering
- ▪DayOne Data Centers Ltd. plans to list its American depositary shares on the Nasdaq under the ticker symbol "DODC"
- ▪DayOne Data Centers Ltd. did not disclose its offering size, though Reuters reported in February 2026 that the company aimed to raise up to $5 billion at a $20 billion valuation
- ▪Singapore-headquartered data center operator DayOne Data Centers Ltd. filed for an initial public offering in the United States on October 5, 2026
IPO proceeds and underwriters
- ▪DayOne Data Centers Ltd. plans to use its initial public offering proceeds to develop and construct new data-center projects and for working capital
- ▪Morgan Stanley, J.P. Morgan, BofA Securities, and Citigroup are serving as underwriters for the DayOne Data Centers Ltd. initial public offering
Environmental and community impact
- ▪Local communities have raised concerns about the impact of data centers on power grids, utility bills, and local resources
- ▪Data centers have come under increased scrutiny over their heavy use of electricity, water, and land
Company history and rebranding
- ▪GDS International was rebranded as DayOne in January 2025 following GDS International's separation from its parent company, GDS Holdings
- ▪Shanghai-based GDS Holdings established GDS International in Singapore in 2022
Business operations and footprint
- ▪DayOne Data Centers Ltd. operates across the Asia-Pacific region and Europe, including Malaysia, Indonesia, Thailand, Hong Kong, Japan, Finland, and Spain
- ▪DayOne Data Centers Ltd. develops and operates data centers primarily under long-term contracts for cloud-computing and artificial intelligence customers
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