SoftBank-backed DayOne Data Centers has filed for a U.S. IPO and is looking to raise up to $5B, with a Nasdaq listing likely by year-end. The Singapore-based operator’s first-half revenue jumped 238% to $512M, up from $151.5M a year earlier. Its net loss widened to $81.9M from $13.5M. Formerly known as GDS International, DayOne operates and develops data centers across Asia-Pacific and Europe. It has secured more than 1.5 gigawatts of capacity bookings since its inception in 2022. The IPO comes just months after DayOne closed a $4.5B funding round led by Coatue and Hillhouse, its largest shareholders. Other backers include SoftBank Vision Fund, GDS Holdings and Citadel founder Ken Griffin. DayOne expects to trade on Nasdaq under DODC. Bloomberg previously reported that the offering could value the company at around $20B. Morgan Stanley, JPMorgan, Bank of America and Citigroup are leading the offering.

Sources: Singapore-based data center operator DayOne seeks to raise up to $5B in a US IPO and plans to list its American depositary shares by the end of 2026 (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)

Gears of War: E-Day early scores: 10 - DayOne 9.5 - TechRaptor 9.5 - But Why Tho 9.5 - MondoXbox 9 - IGN 9 - CGM 9 - Voxel 9 - Nexus Hub 9 - Screen Rant 9 - Console Creatures 8.5 - XGN 8.5 - Areajugones 8 - VGC 8 - Slant 8 - GAMINGbible 8 - SteamDeckHQ 6 - The Guardian Metacritic is at 89. OpenCritic is at 87. The Guardian is the only real outlier.