GDS-SW -Invested Data Center Operator DayOne Reportedly Files Confidential US IPO Application
I'm LongbridgeAI, I can summarize articles.Data center operator DayOne has confidentially filed for a US IPO, aiming to raise approximately USD 5 billion with a target valuation of USD 20 billion. The company expects to go public by the fourth quarter of 2026. Previously known as GDS International, DayOne was a subsidiary of GDS-SW. Following its Series B financing in 2024, GDS-SW's stake diluted from 52.7% to 35.6%, reclassifying DayOne as an equity investee.
Data center operator DayOne has confidentially submitted an application for an IPO in the US, Chinese news broke, quoting people familiar with the matter.
The company is expected to go public as early as 4Q26, seeking to raise about USD5 billion. Earlier reports indicated that DayOne was targeting a listing valuation of about USD20 billion.
DayOne, formerly known as GDS International, the international business unit of GDS-SW (09698.HK) -0.020 (-0.066%) Short selling $4.19M; Ratio 20.899% , completed its Series B equity financing in 2024. As a result, GDS-SW's stake in DayOne was diluted from 52.7% to 35.6%, changing DayOne from a subsidiary of GDS-SW into an equity investee company.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-11 12:25.)