DayOne Data (DAYO) Eyes $5B U.S. IPO, Potential $20B Valuation

DayOne Data Centers has selected JPMorgan and Morgan Stanley to lead its planned U.S. initial public offering, with Bank of America and Citigroup also involved, potentially raising about $5 billion. The Singapore-headquartered data center operator is valued at up to $20 billion and is targeting a listing as early as this year. The company's Series C financing in January 2026 raised over $2 billion to support expansion in Europe and Asia. DayOne was rebranded from GDS International in January 2025, spun off from GDS Holdings, a Shanghai-based data-center operator.