Singapore-based data center operator DayOne Data Centers Ltd. selected JP Morgan and Morgan Stanley to assist in planning a potential US IPO that could raise approximately USD5 billion, Bloomberg, citing people familiar with the matter, reported. Bank of America and Citigroup are involved in the process.Prior to this, the company had been seeking a valuation of up to USD20 billion in this IPO, which could take place as early as this year, sources divulged.Related News G Sachs: Cloud and Data Centers Top Picks Among China Internet Sub-sectors; Recommends Alibaba (09988.HK) and Kingsoft Cloud (03896.HK)GDS-SW (09698.HK) -1.500 (-3.657%) Short selling $41.61M; Ratio 147.369% holds a 35.6% non-controlling stake in DayOne, of which data centers are located in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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