DayOne Files Confidential US IPO Targeting US$20 Billion Valuation; CoreWeave Q2 Revenue Up 112%
DayOne, a data center operator under GDS Holdings, has confidentially filed for a US IPO, aiming to list in the fourth quarter of 2026 and raise about US$5 billion at a target valuation of roughly US$20 billion. GDS shares jumped as much as 5.84% to HK$32.24 on the news. Separately, AI cloud provider CoreWeave reported fiscal 2026 second-quarter revenue of US$2.58 billion, up 112% year over year, and raised its guidance.
DayOne, the data center operator under GDS Holdings, has submitted a confidential filing for an initial public offering in the United States. The company expects to list as early as the fourth quarter of 2026, seeking to raise approximately US$5 billion. Previously reported information indicated a target valuation of around US$20 billion for the float. Following the news, GDS Holdings' shares rose intraday, gaining as much as 5.84% to HK$32.24, with turnover exceeding HK$30 million.
In the United States, AI cloud service provider CoreWeave released its fiscal 2026 second-quarter results. Revenue reached US$2.58 billion, up 112% year over year, and the company raised its full-year guidance.