From RFP to prospectus: DayOne’s IPO story, as it broke
Singapore-based datacentre developer and operator DayOne Data Centers is on track for its proposed US IPO and remains on course to list within 2026, TMT Finance has learnt.
TMT Finance has tracked DayOne’s IPO from RFPs for the bank mandate through to the prospectus draft — naming the four lead banks and four additional managers in March, and revealing AIP’s rejected acquisition offer. That intelligence gave subscribers a complete read on valuation, banking line-up and rival interest weeks before other publications, including Bloomberg and Reuters.
Milestone | TMT Finance | Other publications reported | Lead time |
|---|---|---|---|
DayOne to hire IPO banks | 20-Jan-26 | 23-Jan-26 | 3 days ahead |
HarbourVest to join DayOne US$4bn+ Series C | 10-Mar-26 | 14-May-26 | 65 days ahead |
DayOne adds more IPO banks | 16-Mar-26 | - | Exclusive to TMT Finance |
BlackRock circling DayOne to pre-empt IPO | 22-Apr-26 | 22-Jun-26 | 61 days ahead |
AIP, DayOne talks stall, IPO remains priority | 04-Jun-26 | - | Exclusive to TMT Finance |
DayOne aims for August IPO filing | 05-Aug-26 | - | Exclusive to TMT Finance |
DayOne was earlier approached by the Artificial Intelligence Infrastructure Partnership (AIP), a partnership formed in September 2024 by BlackRock, BlackRock’s GIP, MGX, Microsoft, and NVIDIA to accelerate investment in next-generation AI infrastructure, over a potential acquisition, TMT Finance reported in April and June.
However, the talks stalled and DayOne is focused on the planned IPO despite periodic inbound interest, TMT Finance reported in June. TMT Finance in January reported that DayOne was looking to raise US$3bn to US$5bn from the listing
The IPO is led by JPMorgan and Morgan Stanley, as well as Bank of America and Citi; French bank BNP Paribas also has a senior role on the mandate; Singaporean banks DBS, UOB and OCBC are among the IPO banks involved, likely carrying manager-level roles, TMT Finance reported in March.
TMT Finance in January reported that DayOne was looking to raise US$3bn to US$5bn from the listing. Bloomberg reported in February that DayOne may raise about US$5bn from the IPO.
Founded in May 2022, DayOne was relaunched as an independent group in January 2025. It has datacentre footprint in Singapore, Malaysia, Indonesia, Japan, Thailand, Hong Kong, Finland and Spain.
TMT Finance subscribers can read our full, exclusive reporting on this process via our intelligence platform.
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