Singapore-based data center operator DayOne is reportedly preparing for a dual initial public offering (IPO) in Singapore and the United States, a move that could become one of the region’s largest tech listings in recent years.
According to multiple reports, the company aims to raise around $5 billion through the offering, with an estimated valuation of nearly $20 billion. The plan comes as global demand for artificial intelligence (AI), cloud computing, and digital infrastructure continues to grow rapidly.
What Is DayOne?
DayOne is a global data center operator that was previously known as GDS International, the overseas arm of China-based GDS Holdings.
The business was separated from its parent company and rebranded as DayOne in early 2025. The company now operates independently from Singapore and manages data center facilities across several Asian and European markets.
Data centers are critical infrastructure facilities that support:
- Cloud computing
- Artificial intelligence systems
- Internet services
- Enterprise storage
- Digital platforms and apps
The sector has attracted major investor attention because AI technologies require enormous computing power and data storage capacity.
Why the Dual IPO Matters
Reports suggest DayOne initially considered listing only in New York but later explored a dual-listing structure after discussions with Singapore market officials.
If completed, the IPO could:
- Strengthen Singapore’s position as a regional financial hub
- Increase investor access in both Asian and U.S. markets
- Support Singapore Exchange’s efforts to attract major technology listings
- Highlight growing investor demand for AI-related infrastructure companies
The Financial Times reported that Singapore recently introduced measures to encourage dual listings between the Singapore Exchange (SGX) and Nasdaq.
Investors Backing DayOne
DayOne has already attracted several major global investors.
Current investors reportedly include:
- SoftBank Vision Fund
- Coatue Management
- Indonesia Investment Authority
- Ken Griffin
In January 2026, the company raised more than $2 billion in a Series C funding round led by Coatue Management. Reuters reported that the fundraising was completed at a significantly higher valuation than its previous round.
Strong Demand for AI Infrastructure
The planned IPO reflects broader investor interest in companies tied to AI infrastructure and digital expansion.
Global demand for data centers has increased because companies are investing heavily in:
- AI model training
- Cloud services
- Enterprise computing
- Streaming and digital services
Industry analysts say high-performance computing facilities are becoming increasingly important as AI adoption grows worldwide.
Singapore’s Growing Role in Tech Finance
Singapore has been working to attract more international technology and infrastructure companies to its capital markets.
A successful DayOne listing could become one of the city-state’s largest IPOs in years and may encourage more Asian technology firms to pursue similar dual-market listings.
However, the IPO plans are still under discussion, and no official timeline has been confirmed. Reuters also reported that some Singapore-related listing details are not yet finalized.
Key Takeaways
- DayOne is reportedly planning a dual IPO in Singapore and the U.S.
- The company could seek a valuation of around $20 billion
- The IPO may raise approximately $5 billion
- DayOne operates data centers supporting AI and cloud computing
- Singapore is pushing to attract more major technology listings
- Final listing plans and timelines have not yet been officially confirmed
The planned offering highlights the growing global importance of AI infrastructure companies as investors continue focusing on the long-term expansion of digital services and computing demand.
