A representative for DayOne didn’t respond to a request seeking comment, while the banks declined to comment.
DayOne Data Centers Ltd. has selected banks to help arrange a US initial public offering that may raise about US$5 billion, according to people familiar with the matter. The Singapore-based data centre operator has chosen JPMorgan Chase & Co. and Morgan Stanley to work on the share sale, the people said, asking to not to be identified because the information is private. Bank of America Corp. And Citigroup are also working on the deal, the people said.
DayOne, backed by Chinese data centre operator GDS Holdings Ltd., has been targeting a valuation as high as US$20 billion in a listing that may take place as soon as this year, people familiar with the matter have said. Considerations are ongoing and other banks could still be added, the people said. Details including the size of the offering may change, they added.
