GDS-Backed DayOne Is Said to Seek $1 Billion in Funding Round

DayOne Data Centers Ltd. is considering raising at least $1 billion in a Series C funding round to support its expansion in international markets, according to people familiar with the matter.

The data center operator has reached out to prospective investors to gauge interest in the private fundraising deal, the people said, asking not to be identified discussing a private matter.

DayOne had been considering an initial public offering in the US as soon as this year to raise about $500 million, Bloomberg News reported in February. The company is now prioritizing a private round instead, the people said.

Deliberations ...