Data center operators DayOne Data Centers and Switch have confidentially filed for initial public offerings in the United States, driven by surging demand for artificial intelligence infrastructure. Singapore-based DayOne aims to raise $5 billion at a potential $20 billion valuation as early as the fourth quarter of 2026, following a $4.5 billion Series C round in June. Meanwhile, Switch is reportedly targeting up to $10 billion in fundraising, which could value the company at nearly $80 billion including debt.
Data centre operator IPO filings
- ▪Singapore-based data center operator DayOne Data Centers has confidentially filed for an initial public offering in the United States.
- ▪Data center operator Nscale is among the companies planning initial public offerings in the United States in 2026.
AI infrastructure demand surge
- ▪Switch operates large-scale data center campuses designed to provide the power, cooling, and connectivity required for deploying graphics processing unit clusters used in artificial intelligence computing.
- ▪The surging demand for artificial intelligence computing resources is driving significant investor interest and influencing market valuations in the digital infrastructure sector.
Switch IPO valuation target
- ▪Switch is reportedly aiming to raise up to $10 billion through its initial public offering.
- ▪Switch could potentially achieve a valuation close to $80 billion, including debt, for its initial public offering as early as the fourth quarter of 2026.
DayOne Series C funding round
- ▪DayOne Data Centers closed a $4.5 billion Series C funding round in June 2026, led by its largest shareholders, Coatue Management and Hillhouse.
- ▪The June 2026 Series C funding round for DayOne Data Centers included participation from ACHI Capital Partners and the Indonesia Investment Authority.
- ▪DayOne Data Centers plans to use its Series C funding to accelerate expansion in Singapore, Malaysia, Indonesia, Thailand, Japan, Hong Kong, Finland, and Spain.
DayOne IPO timeline plans
- ▪DayOne Data Centers may target a valuation of about $20 billion for its initial public offering in the United States.
- ▪DayOne Data Centers aims to list its initial public offering as early as the fourth quarter of 2026, seeking to raise approximately $5 billion.
Data centre investor interest
- ▪DayOne Data Centers has secured more than 1.5 gigawatts of capacity bookings in the Asia-Pacific region and Europe since its inception in 2022.
- ▪Australian firm Firmus Technologies received commitments for a $2 billion investment round in August 2026, with participation from Coatue Management.
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