DayOne eyes landmark dual IPO in US and Singapore

DayOne is reportedly considering a dual listing offering in Singapore and the US, signaling that its Singapore plans are not yet finalized.

Primarily, DayOne listing initially considered an exclusive listing in New York but was persuaded by Singaporean stock market officials to co-list, the Financial Times reported.

The reports were previously circulating that DayOne planned to raise $5 billion in a US IPO that could appraise the company at $20 billion. It has been observed that Shanghai-based GDS Holdings will set up GDS International in Singapore in 2022.

Later on it was rebranded as DayOne in January 2025 after its separation from the parent company.

Notably, Singapore-based DayOne’s current investors include US investment firm Coatue Management, SoftBank Vision and Citadel Securities founder Ken Griffin.

DayOne acquired capital of more than $2 billion in its series C equity funding in January but did not disclose any valuation at the time.

The data centre operator clarified at the time that the funding wound was priced at a 100% premium to its prior equity raising.

Furthermore, Indonesia Investment Authority said that the round was led by existing investor Coatue, drawing strong participation from investors including Indonesia’s sovereign wealth fund.