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

BambooWorks
2026.05.18 06:10
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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