Singapore-headquartered DayOne, according to various reports from months earlier, is expected to have a market cap of US$20 billion with the IPO.
DayOne is linked to Shanghai-based GDS Holdings, China's largest data centre operator, which runs more than 100 data centres in China.
ST Telemedia, a unit of Temasek Holdings, is known to be one of the largest investors of GDS Holding, which was founded by William Huang.
DayOne, previously called GDS International, is a distinct entity that operates data centres outside China.
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DayOne has been actively raising new funds. In 2024, it raised some US$1.9 billion over two rounds. In January, DayOne raised US$2 billion in a Series C round from the likes of Indonesia Investment Authority and investment firm Coatue. GDS Holdings remains a minority investor.
Jamie Khoo, CEO of DayOne since March 2024, spent more than a decade with ST Telemedia before another decade at GDS Holdings.
DayOne, according to the FT, is developing data centres and related infrastructure in Indonesia, Malaysia, Singapore, Thailand, Hong Kong, Japan and Finland.
In Singapore, it broke ground last July to build a 20MW data centre at Jurong East. Spanning 40,000 sqm, the first phase of this data centre will be ready for service this year, according to an announcement then.
