Singapore-based DayOne Data Centers is considering an Initial Public Offerring (IPO) in the United States which could value the data center operator at US$20 billion, with the possibility of a dual listing with Singapore as well, sources cited by Bloomberg said recently. The company is currently in discussions to appoint banks for a potential listing that could take place as soon as this year.
The potential IPO would mark one of the largest data center listings to emerge from the private equity-backed infrastructure boom driven by artificial intelligence workloads. Investor appetite for AI-linked infrastructure continues to build, even amid talks of a bubble.
Earlier this month, DayOne closed a US$2 billion Series C funding round which was expected to value the company at about US$10 billion. GDS Holdings, which backed the company, sold US$ 385 million of DayOne shares in January and said its remaining stake was worth more than US$ 2.2 billion.
DayOne operates data centres across Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland.
Back in 2024, it had raised US$ 1.9 billion across two funding rounds which saw backers such as Coatue Management, Hillhouse Investment, SoftBank Vision Fund, Boyu Capital, and Ken Griffin.
DayOne did not respond to requests for comments from reporters.