SoftBank-Backed Data Center Operator DayOne Files for U.S. IPO of Up to $5 Billion

SoftBank-backed data center operator DayOne filed its IPO prospectus with the U.S. Securities and Exchange Commission on Monday (Oct 5). The company plans to raise up to $5 billion in a U.S. IPO and list American depositary shares on Nasdaq by the end of this year at the latest.

According to the filing, DayOne's first-half revenue more than tripled to $512 million year over year, while its net loss widened from $13.5 million to $81.9 million.

DayOne is a data center operator focused on computing infrastructure.