DayOne Aims for $20 Billion Valuation in Upcoming U.S. IPO
January 26, 2026
The data center industry is poised for a landmark financial event as DayOne, a major Asia-Pacific-focused operator, prepares for a potential initial public offering in the United States. The move highlights the sustained investor appetite for digital infrastructure assets, particularly those with a strong foothold in high-growth Asian markets and expanding global reach.
According to a report from Bloomberg, DayOne is targeting a valuation of approximately $20 billion for its planned IPO. The company, which spun off from Chinese data center giant GDS Holdings in 2025, is currently in the process of hiring banks to manage the offering. Sources indicate the IPO could occur before the end of the year, with the Singapore-based firm also considering a potential dual listing in Singapore alongside its primary U.S. listing.
This sought-after valuation represents a significant uptick from the company's last reported worth. Earlier this year, DayOne was valued at around $10 billion when it secured a $2 billion Series C funding round. The company has been actively expanding its portfolio, which now comprises more than 500 megawatts of data center capacity in service or under construction, with an additional 500MW earmarked for future development across key markets including Hong Kong, Singapore, Malaysia, Indonesia, Japan, and Thailand. In a strategic move beyond its core region, DayOne recently announced plans for a 128MW campus in Lahti, Finland.
The company also recently repurchased $385 million worth of its own shares from its former parent, GDS, which retains a significant minority stake. DCD has approached DayOne for comment on the IPO report.
If successful, a $20 billion IPO would position DayOne as one of the most valuable pure-play data center operators to go public in recent years. It would provide the company with substantial capital to accelerate its aggressive expansion plans across Asia and into new markets like Europe, intensifying competition in the global colocation sector. The offering will also serve as a key test of market sentiment toward major infrastructure investments originating from the APAC region.
Source: datacenterdynamics
