Singapore-headquartered DayOne Data Centers closed a landmark Series C round of over US$2 billion in January 2026 — one of the largest private capital raises in the global data centre sector — led by Coatue with participation from Indonesia's sovereign wealth fund, the Indonesia Investment Authority. The company subsequently moved toward a US listing, with Bloomberg reporting in mid-March that DayOne was close to confidentially filing an IPO registration with the SEC. Sources familiar with the matter said the company was targeting a valuation of up to $20 billion and aiming to raise as much as $5 billion, with JPMorgan, Morgan Stanley, Bank of America, and Citigroup working on the deal.

DayOne operates across a multi-country Southeast Asian footprint spanning Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Tokyo, Hong Kong, and Finland. Its proprietary hub-and-spoke SIJORI model — integrating Singapore's connectivity, Johor's cost efficiencies, and Batam's Special Economic Zone advantages — has become a template for how next-generation hyperscale operators structure pan-regional AI infrastructure. The company has secured customer commitments approaching 1 gigawatt of capacity, described by management as one of the fastest growth trajectories among global hyperscale platforms. Prior to the Series C, DayOne had already raised $1.9 billion across Series A and Series B rounds in 2024, and secured a separate €1 billion debt facility from Brookfield Asset Management.

The DayOne story reflects a wider structural shift: APAC digital infrastructure is consolidating rapidly around a handful of independent, AI-native platforms capable of deploying at hyperscale speed. For executives and investors across the region, the company's planned US listing — with a possible dual listing in Singapore also under consideration — would create a significant new publicly traded vehicle for APAC data centre exposure. The Forrester Asia Pacific Tech Market Forecast projects over US$437 billion in regional tech spending between 2025 and 2030, with computer equipment growing fastest at 13.7% annually, driven precisely by the kind of AI-optimised data centre buildout DayOne is executing.

While DayOne's footprint does not currently extend to India, its capital-raising trajectory and IPO ambitions are directly relevant to Indian market participants watching how regional AI infrastructure platforms are being valued globally. Blackstone's $600 million equity investment in Mumbai-based Neysa — targeting the deployment of over 20,000 GPUs for sovereign AI compute — is India's equivalent inflection point: private equity capital at scale backing a domestic AI infrastructure platform aligned with national policy objectives. Blackstone's Amit Dixit explicitly framed the Neysa deal as backing the 'picks and shovels' of AI in India, mirroring the same investment logic driving DayOne's valuation. Forrester's Asia Pacific forecast projects 13.4% tech spending growth in India in 2026, the fastest in the region, driven by cloud adoption and data localisation rules — precisely the conditions that made DayOne's APAC buildout compelling to global investors.

India's Own AI Infrastructure Boom Echoes DayOne's Regional Playbook

Singapore is the legal and operational headquarters of DayOne, and the company's planned US listing — with a possible concurrent Singapore Exchange dual listing under consideration — would represent one of the most significant technology capital markets events originating from the city-state in years. DayOne's SIJORI model anchors Singapore at the top of a tri-national digital corridor, drawing on the city's world-class submarine cable connectivity and hyperscaler tenant relationships while deploying physical capacity in lower-cost Johor and Batam. A $20 billion IPO valuation would validate the Singapore government's sustained infrastructure investment thesis and add a major new data centre operator to global institutional portfolios with a Singapore label attached. For Singapore-based investors and infrastructure funds, the confidential SEC filing is the first concrete signal that the listing timeline is real and near-term.

DayOne's US IPO Would Cement Singapore as APAC's AI Infrastructure Capital

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What DayOne's $2B raise, 1GW of customer commitments, and a $5B US IPO filing tell you about where APAC's AI infrastructure race is really heading.

$20B target: Singapore data centre eyes US IPO

The hyperscale data centre operator is racing to list in New York as it deploys AI-ready capacity across the SIJORI corridor and beyond.

DayOne's trajectory from a GDS Holdings spin-off in 2022 to a company targeting a $20 billion US IPO in under four years is a compressed version of how AI-driven capital has reshaped APAC's digital infrastructure sector. Having raised nearly $4 billion in equity across three rounds — and now seeking a $7 billion loan facility ahead of listing — the company's balance sheet is being constructed explicitly to fund a 1GW customer commitment pipeline across Southeast Asia, Japan, Hong Kong, and Europe. The participation of SoftBank Vision Fund, Hillhouse, Coatue, and Indonesia's INA in successive rounds signals that both US technology-focused capital and Asian sovereign wealth are converging on the same thesis: that independent, AI-ready hyperscale platforms outside China are chronically undersupplied.

For APAC markets specifically, a DayOne public listing would have several cascading effects. It would set a pricing benchmark for comparable regional data centre assets — including those held privately by GIC, Temasek, and various infrastructure funds. It would also intensify competitive pressure on incumbent operators in Malaysia and Indonesia to accelerate their own capacity buildout or seek consolidation. The Forrester forecast growth rate of 13.7% for computer equipment spending across Asia Pacific, driven by hyperscaler AI capex, suggests the demand backdrop underpinning DayOne's expansion is durable rather than cyclical — a point that will be tested publicly once the company's S-1 registration lands.

The confidential SEC filing puts a regional data centre operator at the centre of global AI capital markets for the first time.

A $20B IPO Would Make DayOne APAC's Defining Infrastructure Listing of 2026

Singapore's DayOne Eyes $20B Valuation in US IPO After Record $2B Raise

DayOne Data Centers, a Singapore-headquartered hyperscale platform, closed over $2 billion in Series C equity financing in January 2026, marking one of the largest private capital raises in the data center sector. The round was led by existing investor Coatue, with participation from Indonesia's sovereign wealth fund, the Indonesia Investment Authority, alongside other global institutions. The funding strengthens delivery across approximately 1GW of secured customer commitments, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms.

The surge in AI usage has driven massive demand for specialized data center infrastructure, with Goldman Sachs forecasting that data center demand will grow 50% by 2027. Traditional data centers are increasingly ill-suited for today's AI workloads, ending the era of simple retrofitting according to Goldman's analysis. DayOne previously raised $1.9 billion across Series A and B rounds in 2024, followed by a €1 billion debt facility in 2025 from Brookfield Asset Management.

The capital will support DayOne's expansion across the SIJORI region—Singapore, Johor, and Batam—plus Thailand, Japan, and Hong Kong, enhancing its ability to deliver high-density, AI-ready capacity. The company spun out of China's GDS International in 2022 as an independent entity focused on non-China markets, completing its transformation in January 2025. This capital raise highlights how data center investment has become central to national digital competitiveness, with investors betting that scalable, resilient infrastructure will be critical for next-generation digital services globally.

The Indonesia Investment Authority, Indonesia's sovereign wealth fund, provided significant support for DayOne's Series C round alongside global investor Coatue. Following the establishment of a joint venture in Indonesia in 2023, this Series C investment represents a deepening of the partnership at the global platform level, reflecting confidence in DayOne's execution capabilities. The capital will specifically support expansion across the SIJORI region, including Indonesian territory Batam, as part of the Singapore-Johor-Riau Islands corridor.

Indonesian Sovereign Fund Backs Singapore Data Center Giant

DayOne Data Centers, headquartered in Singapore, positioned itself as a pioneer developing next-generation digital infrastructure for hyperscalers and large enterprises demanding reliable, cost-effective solutions. The company's developments span Singapore alongside key regional markets including Johor, Batam, Greater Bangkok, Tokyo, Hong Kong, and Finland. The massive funding round reinforces Singapore's position as a regional hub for AI infrastructure investment and digital economy leadership.

Singapore Data Center Unicorn Secures $2B War Chest

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DayOne's record funding round signals massive investor confidence in APAC's AI-ready data center infrastructure demand.

$2B Series C: Singapore data center startup's AI infrastructure bet

DayOne Data Centers secures one of largest private capital raises in sector history.

Robert Yin of Coatue noted DayOne continues to rapidly expand its data center platform in APAC and Europe, exceeding expectations and delivering on strong demand for AI and hyperscale infrastructure. Indonesia Investment Authority CEO Ridha Wirakusumah emphasized that digital infrastructure is a critical enabler of long-term economic competitiveness, reflecting the strategic nature of the investment.

The Series C attracted a broad base of global investors from the United States, Europe and Asia-Pacific, aligning closely with DayOne's development strategy and focus on these regions. The Series C was priced at a 100% premium to the prior round, signaling strong investor confidence in DayOne's growth trajectory.

Regional sovereign funds back hyperscale capacity expansion.

APAC Infrastructure Investment Signals AI Confidence

$2 Billion Singapore Data Center Round Powers AI Infrastructure Boom

DayOne Data Centers, the Singapore-headquartered hyperscale data center platform, closed definitive agreements for over $2.0 billion in Series C equity financing in January, marking one of the largest private capital raises in the data center sector. The round was led by existing investor Coatue and supported by Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund. The Series C attracted global investors from the United States, Europe and Asia-Pacific, further diversifying DayOne's shareholder base and aligning with its development strategy focused on Asia-Pacific and Europe. The funding will strengthen delivery across DayOne's secured customer commitments of approximately 1GW, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms.

This was not DayOne's first major investment haul, as the company had previously raised $1.9 billion across its Series A and Series B deals in 2024, and secured a debt facility of up to €1 billion from Brookfield Asset Management and an unnamed sovereign investor in 2025. DayOne began life as GDS International, formed in 2022 to house the non-China assets of GDS Holdings, China's largest data center operator. GDS International raised its $587 million Series A from funds including Hillhouse and Boyu Capital before completing a $1 billion Series B at the end of 2024 and rebranding to DayOne in January 2025.

The capital will be deployed to support continued scale-out across the SIJORI (Singapore–Johor–Riau Islands) region and markets in Thailand, Japan and Hong Kong, enhancing DayOne's ability to deliver high-density, AI-ready capacity. In Europe, proceeds will advance development of DayOne's Finland platform, centered on major hyperscale campuses in Lahti and Kouvola. With DayOne targeting a $20 billion IPO valuation, its former parent GDS Holdings' estimated 24% stake could be worth $5 billion, creating significant returns for early investors betting on AI infrastructure demand.

Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, was among the key participants supporting DayOne's record Series C funding round alongside global investors. INA CEO Ridha Wirakusumah emphasized that the partnership began with shared conviction that digital infrastructure is a critical enabler of long-term economic competitiveness, with this Series C investment representing a deepening of partnership at the global platform level. DayOne's Batam facilities, located just 20 kilometers from Singapore, deliver cost efficiency and seamless submarine cable connectivity within Indonesia's business-friendly Special Economic Zone, positioning the nation as a key node in Southeast Asia's digital infrastructure backbone.

Indonesian Sovereign Fund Backs Regional Digital Strategy

DayOne's Singapore facility is setting the benchmark for precision-engineered data centers, pioneering cutting-edge SOFC power generation technology to deliver energy-efficient, high-density capacity from Asia's leading digital hub. The company's proprietary SIJORI (Singapore-Johor-Riau Islands) model creates a first-of-its-kind digital platform integrating Singapore's world-leading connectivity with neighboring Malaysia and Indonesia, establishing a future-ready regional infrastructure network. This massive funding reinforces Singapore's strategy as the digital infrastructure gateway for Southeast Asia's growing AI and cloud computing demands.

Singapore Cements Position as Regional Data Hub Leader

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Data center operator closes largest private funding round in sector history.

As global demand for AI and cloud infrastructure accelerates, customers are increasingly looking for partners that can deliver at scale, with speed and sustainability across multiple regions, strengthening the need for high-performance, AI-ready capacity. The surge in AI usage, visible in increased spending from tech giants and concentrated investing in AI companies, only delivers results if the infrastructure and 'picks and shovels' are there to enable it, with AI chip companies fetching rich premiums and data centers being another critical piece.

DayOne is at least the third data center operator to have closed a 10-figure funding round in the past six months, following Lambda Inc.'s $1.5 billion raise in November and Nscale Global Holdings' $1.1 billion from a consortium including Nvidia and Dell Technologies. Despite concerns about AI's huge billing, investment in AI infrastructure including hyperscale data centers has continued unabated, with quarterly hyperscale operator capex rocketing by almost 180% over the last three years to reach $142 billion in Q3 2025.

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News Coverage

Singapore's DayOne Eyes $20B Valuation in US IPO After Record $2B Raise

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