AI Boom Sparks $20 Billion DayOne IPO Plans Across Singapore And Wall Street
Synopsis
Global data centre operator DayOne is exploring a possible dual IPO in Singapore and the United States, as strong investor demand for AI infrastructure continues to reshape global technology markets.
DayOne is considering a dual stock market listing in Singapore and the United States as investor appetite for artificial intelligence infrastructure continues to accelerate globally. According to Reuters reports, the company had initially explored a sole New York listing before discussions emerged around a potential co-listing structure involving Singapore. The company has not publicly confirmed the IPO plans.
Key highlights
- DayOne is considering a dual IPO in Singapore and the US
- The company had previously explored a sole US listing
- Reports suggest the IPO could raise around US$5 billion
- DayOne could be valued at roughly US$20 billion
- Investors include SoftBank Vision Fund and Coatue Management
- The company raised more than US$2 billion earlier this year
- Australia’s data centre sector is also benefiting from AI-driven demand
Singapore enters the listing race
The Financial Times reported that Singapore exchange officials encouraged DayOne to pursue a dual listing rather than focus exclusively on the United States market.
A source familiar with the discussions later confirmed to Reuters that the Singapore option remains under consideration, although plans are not yet finalised.
DayOne declined to comment on the reports.
The proposed IPO could become one of the largest technology-related listings linked to the fast-growing global data centre sector.
Multi-billion dollar valuation expectations
Reuters previously reported in February that DayOne was targeting a capital raise of around US$5 billion through a US listing.
The IPO could potentially value the company at roughly US$20 billion.
Investor demand for AI-related infrastructure companies has surged as global technology firms continue expanding computing capacity to support artificial intelligence systems and cloud services.
From GDS International to DayOne
The company traces its roots back to GDS Holdings.
GDS established GDS International in Singapore in 2022 before the business was separated and rebranded as DayOne in January 2025.
GDS still retains a minority stake in the company.
DayOne is now headquartered in Singapore and operates as an independent global data centre operator focused on international growth opportunities.
Backed by major global investors
DayOne has attracted support from several high-profile investors, including:
- SoftBank Vision Fund
- Coatue Management
- Ken Griffin
Earlier this year, the company raised more than US$2 billion in Series C funding.
The funding round was reportedly priced at a 100% premium to its previous capital raising.
Indonesia’s sovereign wealth fund, Indonesia Investment Authority, also participated in the investment round.
AI demand continues reshaping data centres
Global demand for AI-ready infrastructure has become one of the strongest growth drivers for the data centre industry.
Technology companies are rapidly increasing spending on cloud computing, graphics processing infrastructure and large-scale server facilities needed to support AI applications.
That trend has pushed valuations higher across both listed and private infrastructure companies linked to artificial intelligence.
What it means for Australia
The strong investor interest in DayOne reflects broader momentum across the Asia-Pacific data centre sector, including Australia.
Australian operators such as NEXTDC and other infrastructure providers have also accelerated expansion plans to meet rising AI and cloud computing demand.
The region is increasingly becoming a strategic hub for AI infrastructure investment due to growing digital consumption and enterprise cloud adoption.
A successful DayOne IPO could further boost investor attention toward Australian data centre and digital infrastructure companies.
What happens next?
Markets will now watch whether DayOne formally proceeds with a dual listing strategy or ultimately prioritises a single exchange.
Investors are also monitoring the broader IPO market as several AI-related technology companies reportedly prepare for public listings in coming months.
Any formal filing from DayOne could provide fresh insight into investor demand and valuation expectations across the global data infrastructure sector.
FAQs
Q1: What is DayOne?
DayOne is a global data centre operator headquartered in Singapore and focused on AI and cloud infrastructure.
Q2: What IPO plans is DayOne considering?
The company is reportedly considering a dual stock market listing in Singapore and the United States.
Q3: How much could the IPO raise?
Reports suggest the IPO could raise around US$5 billion.
Q4: Who invests in DayOne?
Major investors include SoftBank Vision Fund, Coatue Management and Ken Griffin.
Q5: What does this mean for Australia?
The IPO highlights growing investor interest in AI infrastructure, which could also benefit Australian data centre companies and digital infrastructure investment.
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I write about markets, money, and the macro forces that move them. Passionate about turning complex economic trends into sharp, easy-to-understand stories. Off the clock, it’s hip hop, rock, reggae -- and a mix of cricket and basketball.
