(Feb 13): DayOne Data Centers Ltd has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion (RM19.5 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 be identified because the information is private. 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. Last week, a KKR & Co-led group agreed to buy data centre operator STT GDC Pte Ltd for S$6.6 billion (US$5.2 billion or RM20.4 billion) in cash. Other investors in the company include Boyu Capital, Hillhouse Investment, SoftBank Vision Fund, Tekne Capital, Baupost Group and Citadel chief executive officer Ken Griffin.

Source: The Edge Markets February 13, 2026 09:38 UTC