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DayOne Files for $5B US IPO at $20B Estimated Value

marketbrief.now

DayOne, a Singapore-based data center operator formerly known as GDS International, has filed for a $5 billion US IPO on the Nasdaq at an estimated $20 billion valuation, reporting $512 million in first-half revenue, a 238% increase from the prior year. The company, backed by SoftBank Vision Fund, Coatue, and Hillhouse, plans to trade under the ticker symbol DODC.

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Key sources

  1. SOURCE@reuters“Data centre operator DayOne reveals revenue surge in US IPO filing”x.com
  2. SUPPORT@wallstengine“first-half revenue jumped 238% to $512M, up from $151.5M a year earlier”x.com
  3. SOURCEhuggingnewshuggingnews.com
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