DayOne plans dual IPO in Singapore and US, FT reports

GLOBAL data centre operator DayOne, affiliated with China’s GDS Holdings, is planning to list simultaneously in Singapore and the US in a move that is set to raise US$5 billion, the Financial Times reported on Sunday (May 17).

Reuters could not immediately confirm the report. DayOne did not immediately respond to a request for comment.

DayOne initially considered a sole listing in New York, but has been persuaded by Singaporean stock market officials to co-list, the FT report said, citing three people familiar with the plans.

Reuters reported in February that DayOne planned to raise US$5 billion in a US initial public offering, citing a source with knowledge of the matter, adding the company could be valued at US$20 billion in the IPO.

Shanghai-based GDS Holdings set up GDS International in Singapore in 2022, which was rebranded as DayOne in January 2025 following its separation from the parent company. REUTERS