DayOne Data lines up banks for $5 billion US IPO, Bloomberg News reports

Reuters

Fri, February 13, 2026 at 2:02 PM GMT+9 1 min read

In this article:

GDS

+0.77%

Feb 13 (Reuters) - DayOne Data Centers has selected banks to prepare for ‌a U.S. initial public offering that ‌could raise about $5 billion, Bloomberg News reported on ​Friday, citing people familiar with the matter.

The Singapore-headquartered data center operator has tapped JPMorgan and Morgan Stanley to lead the ‌planned share sale, ⁠the report said, adding that Bank of America and Citigroup ⁠are also involved.

Backed by Chinese data-center operator GDS Holdings, DayOne is targeting a valuation ​of up ​to $20 billion, ​with a listing possible ‌as early as this year, according to the report.

DayOne Data Centers did not immediately respond to a Reuters’ request for comment.

Last month, DayOne Data Centers raised ‌more than $2 billion in ​its Series C equity ​financing to ​support its expansion in Europe ‌and Asia.

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 Heera Hari in Bengaluru; Editing ​by Sherry Jacob-Phillips)

Terms and Privacy Policy

Privacy Dashboard

More Info