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DayOne Said to Weigh Options for US IPO After Data Center Rout
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EXCLUSIVE Deals DayOne Said to Weigh Options for US IPO After Data Center Rout DayOne Data Centers Ltd. is weighing options for its US initial public offering, including a potential delay or size cut, as volatility around data centers increases, according to people familiar with the matter. While Singapore-based DayOne has been waiting for the right window to launch the IPO, it’s also been considering the possibility of pushing back the share sale until the market recovers, the people said....
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DayOne Said to Weigh Options for US IPO After Data Center Rout
DayOne Data Centers Ltd. is weighing options for its US initial public offering, including a potential delay or size cut, as volatility around data centers increases, according to people familiar with the matter.
While Singapore-based DayOne has been waiting for the right window to launch the IPO, it’s also been considering the possibility of pushing back the share sale until the market recovers, the people said. Other options include going ahead with a smaller listing that may raise $2.5 billion to $3 billion, roughly half of what it had originally aimed for, the people said.