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DayOne readies dual IPO in Singapore and US with potential $20 billion valuation
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The Chinese data center operator, formerly GDS International, is eyeing a blockbuster public debut after raising over $2 billion in its latest funding round.
Key facts
- DayOne raised $1.9 billion across two funding rounds in 2024 alone, pulling in checks from Coatue Management, Hillhouse Investment, SoftBank Vision Fund, Boyu Capital, and Ken Griffin, the Citadel
- The Chinese data center operator, formerly GDS International, is eyeing a blockbuster public debut after raising over $2 billion in its latest funding round
- DayOne Data Centers is plotting a dual listing in the US and Singapore that could value the company at up to $20 billion
- GDS Holdings, the parent company, sold $385 million worth of DayOne shares in January
Summary
DayOne Data Centers is plotting a dual listing in the US and Singapore that could value the company at up to $20 billion. DayOne was previously known as GDS International, the overseas arm of GDS Holdings, one of China’s largest data center operators. The company now runs data centers across Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland. DayOne raised $1.9 billion across two funding rounds in 2024 alone, pulling in checks from Coatue Management, Hillhouse Investment, SoftBank Vision Fund, Boyu Capital, and Ken Griffin, the Citadel founder whose personal investment activity has increasingly tilted toward infrastructure plays.