DayOne Data Centers reportedly files confidentially for a US IPO seeking about $5 billion

Aug 10, 2026

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.