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DayOne Data Centers, Backed by GDS-SW, Reportedly Plans USD5B US IPO as Early as This Yr
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Singapore-based data center operator DayOne Data Centers Ltd. selected JP Morgan and Morgan Stanley to assist in planning a potential US IPO that could raise approximately USD5 billion, Bloomberg, citing people familiar with the matter, reported. Bank of America and Citigroup are involved in the process. Prior to this, the company had been seeking a valuation of up to USD20 billion in this IPO, which could take place as early as this year, sources divulged. GDS-SW (09698.HK) holds a 35.6% non-controlling stake in DayOne, of which data centers are located in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland. AASTOCKS Financial News Website: www.aastocks.com |
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