Market Chatter: DayOne Data Centers Weighs US IPO Plans Amid Market Concerns Surrounding AI Infrastructure Funding

MT Newswires Live10-21 17:14

DayOne Data Centers is exploring a potential delay in its plan for an initial public offering in the US or a smaller share sale amid the current market environment, Bloomberg reported Wednesday, citing people familiar with the matter.

The company is now considering raising $2.5 billion to $3 billion instead of as much as $5 billion previously mulled, the news outlet said, citing unnamed sources.

DayOne wants to proceed with the IPO as soon as the market allows, rather than by Q4, the news agency said, citing sources.

DayOne Data Centers did not immediately respond to MT Newswires' request for comment.

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