Data center operator DayOne is moving forward with plans for an initial public offering as soon as November, even as higher interest rates and setbacks across the data center industry threaten to make the IPO market more selective, according to three people familiar with the matter cited by Reuters.
The Singapore-based company, which develops and operates data centers for cloud and artificial intelligence customers, plans to publicly file its registration with the US Securities and Exchange Commission in mid-October and could list in November, the people said. The timing and details of the offering remain subject to change.
