DayOne is reportedly planning a dual initial public offering in Singapore and New York. The international data center business was spun off from China's GDS Holdings. The offering aims to raise approximately $5 billion.
This IPO could value the company at around $20 billion. The deal would rank as one of Singapore's largest listings in the past decade. DayOne initially considered a sole New York listing before Singaporean officials proposed a co-listing.
GDS established the unit in 2022 to manage assets outside of mainland China. The company rebranded from GDS International to DayOne in 2025. Surging demand for AI-related data center infrastructure is driving the move. Singapore continues to expand its role as a hub for Asian technology companies.