According to a Friday report citing informed sources, DayOne Data Centers has selected banks to prepare for an Initial Public Offering (IPO) in the United States, with an estimated fundraising target of approximately $50 billion.

The report stated that the Singapore-based data center operator has appointed J.P. Morgan and Morgan Stanley as lead underwriters for the share issuance, with Bank of America and Citigroup also participating.

It was reported that DayOne is supported by Chinese data center operator GDS Holdings and is targeting a valuation of up to $200 billion, with a potential listing as early as this year.

DayOne Data Centers did not immediately respond to a request for comment from Reuters.

Last month, DayOne Data Centers completed a Series C equity financing round exceeding $20 billion to support its business expansion in Europe and Asia.

Shanghai-based GDS Holdings established GDS International in Singapore in 2022. This entity was renamed DayOne in January 2025 following a separation from its parent company.