DayOne Data Centers lines up banks for five billion dollar US IPO
Singapore-based DayOne Data Centers is preparing for a $5 billion U.S. IPO with major banks. The company aims for a valuation of up to $20 billion in 2026.
Insights:
DayOne Data Centers has selected major global banks to prepare for an initial public offering in the US 
US that could raise approximately $5 billion. The Singapore 
SG-headquartered company, which is backed by GDS Holdings Limited , is targeting a valuation of up to $20 billion for the offering, according to details released on February 13, 2026.
US that could raise approximately $5 billion. The Singapore SG-headquartered company, which is backed by GDS Holdings Limited , is targeting a valuation of up to $20 billion for the offering, according to details released on February 13, 2026.The data center operator has tapped JPMorgan Chase & Co. and Morgan Stanley to serve as the lead underwriters for the deal. According to reports, Bank of America Corporation and Citigroup Inc. are also involved in preparing the offering. This move follows a significant capital injection last month, where the company raised more than $2 billion in a Series C funding round intended to support its expansion across Europe and Asia.
