UPDATE 1-DayOne plans dual IPO in Singapore and US, FT reports

Adds details, background from paragraph 3 onwards

May 17 (Reuters) - Global data centre operator DayOne, affiliated with China's GDS Holdings 9698.HK, 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.


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