(March 16): DayOne Data Centers Ltd is close to filing confidentially for an initial public offering in the US, people familiar with the matter said, paving the way for another multibillion-dollar deal in an industry riding the artificial intelligence boom. Data centres have drawn companies and investors keen to deploy capital into digital infrastructure that’s needed to power AI. Previously known as GDS International or GDSI, DayOne closed a Series C funding round of more than US$2 billion in January to support its international growth. DayOne runs data centres in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo and Finland, its website shows. Other backers include GDS Holdings Ltd, Boyu Capital, Hillhouse Investment, SoftBank Vision Fund, Tekne Capital, Baupost Group and Citadel chief executive officer Ken Griffin.

Source: The Edge Markets March 16, 2026 11:45 UTC