BREAKINGVIEWS — AI caution favours old — school data centre builder

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, Oct 13 (Reuters Breakingviews) — DayOne may raise $5 bln in a US debut as it races to tap into booming Asian demand. Like neocloud Firmus, which nixed its listing, customer concentration and a construction backlog are red flags. But DayOne's track record plus firmer delivery dates put it on more solid footing. Full view will be published shortly. Follow Robyn Mak on X. Context News Singapore-based DayOne Data Centres on October 6 filed for a New York initial public offering. The company may seek to raise as much as $5 billion at a $20 billion valuation, Reuters reported in February. DayOne had 962 megawatts of capacity in service as of September 20, 2026, and is actively constructing an additional 962 MW of capacity across six markets, according to its prospectus. For the six months ended June 30, revenue was $512 million, compared to $151.5 million a year ago. Malaysia accounted for 87% of the total, while its top two customers accounted for 84.3% of the total. The company also said its top customer is a "global technology company with a leading short-form video platform