GDS Holdings completes China REIT IPO with strong investor demand

Published 16/07/2025, 12:06
GDS Holdings completes China REIT IPO with strong investor demand

SHANGHAI - GDS Holdings Limited (NASDAQ:GDS; HKEX:9698), a data center operator with a market capitalization of $56.27 million and strong financial health according to InvestingPro metrics, announced today the successful completion of its China REIT (C-REIT) initial public offering on the Shanghai Stock Exchange.

The data center operator reported that the retail offering closed ahead of schedule due to high subscription levels. According to the company’s press release, the institutional order book was 166 times covered at the final offering price, while the retail offering was 456 times oversubscribed.

The C-REIT is expected to begin trading on the Shanghai Stock Exchange in early August under the fund code 508060.

GDS Holdings describes itself as a developer and operator of high-performance data centers in China with facilities strategically located near major economic hubs. The company serves various customers including cloud service providers, internet companies, financial institutions, and telecommunications carriers.

The company also holds a 35.6% non-controlling equity interest in DayOne Data Centers Limited, which operates data centers in international markets.

This information is based on a press release statement issued by GDS Holdings Limited.

In other recent news, GDS Holdings Limited has priced its China REIT initial public offering at RMB 3.00 per unit on the Shanghai Stock Exchange. The offering was notably oversubscribed, raising gross proceeds of RMB 2,400 million and allowing GDS to sell a 100% equity interest in a project company holding data center assets for an enterprise value of approximately RMB 2,319 million. GDS will retain a 20% stake in the REIT units and will continue to operate and manage the data center assets, generating recurring annual fee income. Additionally, GDS has launched a $450 million convertible senior notes offering, with proceeds earmarked for working capital and refinancing existing debt. This offering is part of a broader financial strategy, which also includes a public offering of 5.2 million American Depositary Shares (ADSs). The ADS and notes offerings are interdependent, with their completion contingent on each other. J.P. Morgan and other major banks are managing the ADS offering. These developments are part of GDS Holdings’ efforts to strengthen its financial position and support its growth in China’s data center market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.