GDS Announces Completion of its C-REIT Initial Public Offering on the Shanghai Stock Exchange
Rhea-AI Summary
GDS Holdings (NASDAQ: GDS; HKEX: 9698), China's leading data center operator, has successfully completed the Initial Public Offering (IPO) of its China REIT (C-REIT) on the Shanghai Stock Exchange. The offering garnered exceptional investor interest, with the institutional order book being 166 times covered and the retail offering 456 times oversubscribed. Due to high subscription levels, the retail offering closed ahead of schedule. The C-REIT is scheduled to commence trading in early August 2025 under the fund code 508060.
Positive
- Strong investor demand with institutional orders 166x covered
- Retail offering heavily oversubscribed at 456x
- Early closure of retail offering due to high demand
- Successful expansion to Shanghai Stock Exchange through C-REIT listing
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, GDS gained 1.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SHANGHAI, China, July 16, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that the initial public offering (“IPO”) on the Shanghai Stock Exchange of its previously announced China REIT (“C-REIT”) has been successfully completed. The retail offering was closed ahead of schedule in light of the high level of subscriptions. The IPO attracted strong interest from both institutional and retail investors, with the institutional order book 166 times covered at the final offering price as previously announced and the retail offering 456 times over-subscribed. The C-REIT is expected to be listed and start trading on the Shanghai Stock Exchange in early August under the fund code 508060.
About GDS Holdings Limited
GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling
For investor and media inquiries, please contact:
GDS Holdings Limited
Laura Chen
Phone: +86 (21) 2029-2203
Email: ir@gds-services.com
Piacente Financial Communications
Ross Warner
Phone: +86 (10) 6508-0677
Email: GDS@tpg-ir.com
Brandi Piacente
Phone: +1 (212) 481-2050
Email: GDS@tpg-ir.com
GDS Holdings Limited
FAQ
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