DayOne Data Centers files for Nasdaq IPO amid multi-billion dollar debt

DayOne Data Centers, a Singapore-headquartered operator, has filed for a U.S. initial public offering on Nasdaq. The company seeks to list American depository shares under the ticker DODC, though specific terms regarding the offering size, price range, and number of shares have not yet been determined.

As the company expands capacity for technology companies and hyperscalers, it carries significant debt. As of June 30, total borrowings stood at $4.426 billion, with outstanding debt reaching approximately $4.9 billion when including finance leases. For the six months ended June 30, 2026, DayOne reported revenue of $512.0 million, an increase from $151.5 million in the prior year, while net loss widened to $77.2 million.

The IPO comes amid heavy capital expenditure, with $3.110 billion recorded in the first half of the year. The company has approximately 2.3 gigawatts in customer bookings and estimates that $11.4 billion will be required to complete ongoing projects.