The biggest DC raise in Asian history just closed.
And the IPO filing could follow within months...
Singapore's DayOne just closed a $4.5B raise in its Series C this month. The IPO target is $20B, to be dual-listed on the Nasdaq and SGX by Q4.
- $4.5B Series C led by Coatue and Hillhouse
- Backers include SoftBank, INA, and Ken Griffin
- Hillhouse is seeking $600M+ in debt for its stake
- Pipeline exceeds 1.5GW of booked capacity
- MGX is reportedly exploring an acquisition
The SIJORI model is the real unlock. Singapore for jurisdiction, Johor for scale, Riau Islands for cost.
It's a cross-border stack that's hard to replicate.
That's why sovereign capital keeps showing up.
Who will own Asia’s next wave of AI data centres?

