Singapore's DayOne Prepares NY IPO With 70% Revenue From ByteDance

Singapore-based DayOne Data Centers is preparing a multibillion-dollar IPO in New York. ByteDance, the parent of TikTok, accounts for nearly 70% of its revenue, a dependency the company acknowledges as a significant risk.

• DayOne is preparing a multibillion-dollar IPO in New York
• ByteDance accounts for nearly 70% of DayOne's revenue
• The company acknowledged the single-customer risk
• DayOne began as the overseas unit of a Chinese data center firm