Singapore ·
Singapore’s DayOne weighs a $5B dual listing in Singapore and New York at a $20B valuation
The AI-driven data-center operator, spun out of China’s GDS Holdings and backed by SoftBank, Coatue and Hillhouse, is lining up banks for what would be one of Singapore’s largest-ever listings.
A SoftBank-, Coatue-, and Hillhouse-backed data-center operator weighing one of Singapore's largest-ever listings is a reminder that "APAC secondaries" isn't just startups and fintech — AI infrastructure is now a major category of private capital looking for an exit path too.
DayOne's spin-out from China's GDS Holdings, now considering a dual Singapore–New York listing, also shows how AI-infrastructure companies are increasingly structuring for global capital access rather than staying anchored to a single home market.
Source: Semafor ↗
Frequently asked questions
Is this an original report, or a copy of the source article?
This is original commentary and context written for this site, citing Semafor as the source. Read the full original reporting at the source link below.
How current is this information?
This item reflects reporting as of 19 May 2026. Secondary-market situations like this one can change quickly — check the source link for the latest developments.