DayOne Files U.S. IPO While Carrying $4.4 Billion in Borrowings

DayOne Data Centers filed for a U.S. initial public offering as the Singapore-headquartered operator expands capacity for hyperscalers and technology companies while carrying billions of dollars in debt and development commitments.

The company filed a Form F-1 registration statement on Oct. 5 seeking to list American depositary shares on Nasdaq under the ticker DODC. The filing does not specify the number of shares, offering size or price range. DayOne said those terms have not yet been determined.

DayOne reported $512.0 million in revenue for the six months ended June 30, 2026, up from $151.5 million in the year-earlier period. Net loss widened to $77.2 million from $12.6 million.

Total borrowings stood at $4.426 billion as of June 30. Including finance leases, outstanding debt was approximately $4.9 billion. The company recorded $3.110 billion in capital expenditures and $145.4 million in total interest costs during the first half of the year.

DayOne announced final gross proceeds of $4.5 billion from its Series C equity financing on June 5, 2026. The financing was intended to accelerate the company’s expansion.

The operator reported approximately 2.3 gigawatts of customer bookings as of Sept. 20, with an estimated $11.4 billion required to complete those projects after spending through June 30. Capital commitments stood at $4.902 billion.

DayOne’s Johor financing facilities were expanded in Sept. 2026 to $4.1 billion in U.S.-dollar term loans and approximately $3.2 billion in Murabahah financing.

The IPO terms remain open, including the number of ADSs to be offered and the price range. DayOne did not provide a listing date.