The global data center operator DayOne, affiliated with the Chinese company GDS Holdings 9698.HK, plans to simultaneously list on the stock exchanges in Singapore and the United States in an operation expected to raise $5 billion, reported the Financial Times on Sunday.
Reuters was not immediately able to confirm this information. DayOne did not immediately respond to a request for comments.
DayOne had initially considered a single listing in New York, but was persuaded by officials from the Singapore Exchange to proceed with a dual listing, according to the FT article, which cited three sources familiar with the matter.
In February, Reuters reported that DayOne was planning to raise $5 billion in a US IPO, citing a source close to the matter, and adding that the company could be valued at $20 billion during the IPO.
The Shanghai-based company GDS Holdings established GDS International in Singapore in 2022, which was renamed DayOne in January 2025 after separating from the parent company.
