DayOne’s Potential Dual IPO in Singapore and the U.S.

IPO fundraising target and valuation expectations

Before the dual‑listing idea surfaced, reporting indicated DayOne was preparing a substantial U.S. IPO with the following targets:

• Approximately $5 billion in capital raised
• A potential valuation around $20 billion

Investment banks reportedly involved in preparing the offering include JPMorgan and Morgan Stanley, with Bank of America and Citigroup also participating.

If completed near those levels, the deal would rank among the largest IPOs connected to the rapidly expanding AI‑driven digital infrastructure market.

A $2 billion funding round ahead of the IPO

Before pursuing public markets, DayOne strengthened its balance sheet with a major private financing round.

In January 2026, the company announced over $2 billion in Series C equity financing, one of the largest private capital raises in the data‑center sector.

• The round was led by Coatue.
• It included participation from the Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund.

The company said the funding would support global digital‑infrastructure expansion, including hyperscale data‑center development across international markets.

Key investors backing DayOne

DayOne has attracted a mix of global technology investors, hedge funds, and institutional capital across multiple financing rounds. Reported investors include:

• Coatue Management
• Indonesia Investment Authority (INA)
• SoftBank Vision Fund
• The Baupost Group
• Investors linked to Citadel founder Ken Griffin

In addition, Chinese data‑center operator GDS Holdings has held a significant ownership stake in DayOne following earlier funding rounds.

The AI infrastructure backdrop

DayOne develops and operates hyperscale data centers, which provide the large‑scale computing infrastructure used by cloud providers and artificial‑intelligence systems.

Demand for these facilities has surged as companies invest heavily in AI computing capacity. That trend has helped drive large private funding rounds and IPO interest across the data‑center and digital‑infrastructure sector.

If DayOne ultimately proceeds with its offering—whether solely in the U.S. or as a dual listing with Singapore—it could become one of the most closely watched IPOs tied to the global expansion of AI and cloud infrastructure.

For now, however, the company’s timing, listing structure, and final valuation remain subject to change as discussions with banks, regulators, and investors continue.