May 17 (Reuters) – Global data centre operator DayOne, affiliated with China’s GDS Holdings, is planning to list simultaneously in Singapore and the U.S. in a move that is set to raise $5 billion, the Financial Times reported on Sunday.
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 $5 billion in a U.S. initial public offering, citing a source with knowledge of the matter, adding the company could be valued at $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.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Jamie Freed)
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