DayOne Data Centers is exploring a US initial public offering that could value the business at as much as $20bn, as investor appetite for AI-linked infrastructure continues to build, according to sources cited by Bloomberg.

The Singapore-based operator, backed by GDS Holdings, is in discussions to appoint banks for a potential listing that could take place as soon as this year. A dual listing in the US and Singapore is also under consideration.

DayOne, formerly known as GDS International, closed a more than $2bn Series C funding round earlier this month. That transaction was expected to value the company at about $10bn. GDS Holdings sold $385m of DayOne shares in January and said its remaining stake was worth more than $2.2bn.

The company operates data centres across Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Tokyo, and Finland. It has raised $1.9bn across two funding rounds in 2024, with backing from Coatue Management, Hillhouse Investment, SoftBank Vision Fund, Boyu Capital, and Ken Griffin.

The potential IPO would mark one of the largest data centre listings to emerge from the private equity-backed infrastructure boom driven by artificial intelligence workloads.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.