DayOne Data Centers has confidentially filed for a US initial public offering, according to people familiar with the matter.

The offering could raise up to $5 billion, marking one of the largest tech IPOs in recent years. The company is working with underwriters including Goldman Sachs and Morgan Stanley.

DayOne operates data centers across key markets such as Northern Virginia, Chicago, and Silicon Valley. It serves enterprise clients and cloud providers requiring high-density computing infrastructure.

The confidential filing allows DayOne to test investor interest without public disclosure. The IPO timeline remains uncertain and depends on market conditions.