DayOne plans dual IPO in Singapore and US, FT reports

Published Sun, May 17, 2026 · 01:22 PM

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