DayOne Considers Dual IPO in Singapore and United States

Data centre operator DayOne is considering a dual initial public offering in Singapore and the United States, according to a source familiar with the plans.

The company intends to raise approximately $5 billion through the listings. DayOne is a Chinese data centre spin-off that is preparing the offering under new Singapore rules meant to boost Asian listings in the city-state. Financial Times reported that the dual IPO would use these updated listing rules. The source said the company is weighing the structure but has not finalized details.

DayOne operates data centres and is preparing for public markets. The move comes as operators seek capital for expansion amid rising demand for computing infrastructure. No specific timeline for the IPO has been disclosed. The company has not commented publicly on the plans.

Singapore has introduced measures to attract more listings from Asian companies. U.S. investors. The source did not provide further details on valuation or share allocation between the two markets.