---
title: "News: GDS's subsidiary DayOne plans a new dual listing in the U.S. with a valuation potentially reaching $20 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286722100.md"
description: "GDS's subsidiary DayOne Data Centers Ltd. is considering a dual listing in Singapore and the United States, expecting to raise approximately $5 billion, with a valuation potentially reaching $20 billion. DayOne has developed data centers in several Asian countries and plans to expand to Japan and Finland. GDS currently holds about 24% equity in DayOne, and although its Hong Kong-listed shares have fallen by 2.1%, they have still risen by approximately 23% year-to-date"
datetime: "2026-05-18T06:10:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286722100.md)
  - [en](https://longbridge.com/en/news/286722100.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286722100.md)
---

# News: GDS's subsidiary DayOne plans a new dual listing in the U.S. with a valuation potentially reaching $20 billion

China's data center operator **GDS Holdings Limited** (GDS.US; 9698.HK) subsidiary **DayOne Data Centers Ltd.** is reportedly considering a simultaneous listing in Singapore and the United States to raise funds to support its rapid expansion of data center operations in Asia and Europe.

**Reports** indicate that the Singapore-based DayOne plans to dual-list on NASDAQ and the Singapore Exchange, aiming to raise approximately $5 billion, with the company's valuation potentially reaching around $20 billion.

DayOne is currently developing data center operations in Singapore, Malaysia, Indonesia, and Thailand, and is further expanding into the Japanese and Finnish markets, gradually moving out of Southeast Asia. The company stated in April this year that it plans to make Malaysia its largest operational base.

DayOne was originally the international business division of GDS. After introducing external investors in 2024, it has reduced its ownership stake but still holds about 24% of DayOne. GDS's Hong Kong-listed shares fell 2.1% in early trading on Monday, but have still risen about 23% year-to-date.

_Yang Ge_

### Related Stocks

- [09698.HK](https://longbridge.com/en/quote/09698.HK.md)
- [GDS.US](https://longbridge.com/en/quote/GDS.US.md)
- [DTCR.US](https://longbridge.com/en/quote/DTCR.US.md)

## Related News & Research

- [Data centre operator DayOne considering dual IPO in Singapore and US, source says](https://longbridge.com/en/news/286707037.md)
- [DayOne plans dual IPO in Singapore and US, FT reports](https://longbridge.com/en/news/286660961.md)
- [Conquest Resources Provides Exploration Update at the Valimaki Gold Project, Finland | CQRLF Stock News](https://longbridge.com/en/news/286900378.md)
- [GDS Holdings Q1 2026 Earnings Call Transcript](https://longbridge.com/en/news/287069931.md)
- [atNorth joins Nordic Compass to support Nordic competitiveness, resilience and industrial innovation](https://longbridge.com/en/news/286054898.md)