GDS Announces the Launch of an Initial Public Offering for its C-REIT on the Shanghai Stock Exchange
GDS Holdings (NASDAQ: GDS), a leading Chinese data center operator, has received approval from Chinese regulators to launch a C-REIT IPO on the Shanghai Stock Exchange. The transaction involves selling 100% equity in a project company holding stabilized data center assets to a newly formed C-REIT.
The underlying assets are valued at approximately RMB 1,933 million. GDS will retain 20% of the C-REIT units, while 50% has been pre-placed with cornerstone investors with 1-3 year lock-up periods. The remaining 30% will be offered through institutional bookbuilding and retail public offering. The transaction is expected to close within weeks, pending final pricing and conditions.
GDS Holdings (NASDAQ: GDS), uno dei principali operatori cinesi di data center, ha ottenuto l'approvazione dalle autorità regolatorie cinesi per lanciare un IPO di C-REIT sulla Borsa di Shanghai. L'operazione prevede la vendita del 100% delle azioni di una società di progetto che detiene asset di data center stabilizzati a un nuovo C-REIT.
Gli asset sottostanti sono valutati circa 1.933 milioni di RMB. GDS manterrà il 20% delle unità del C-REIT, mentre il 50% è stato già assegnato a investitori chiave con periodi di lock-up da 1 a 3 anni. Il restante 30% sarà offerto tramite collocamento istituzionale e offerta pubblica al dettaglio. La chiusura dell'operazione è prevista entro poche settimane, in attesa della definizione finale del prezzo e delle condizioni.
GDS Holdings (NASDAQ: GDS), un destacado operador chino de centros de datos, ha recibido la aprobación de los reguladores chinos para lanzar una OPI de C-REIT en la Bolsa de Shanghái. La transacción implica la venta del 100% del capital de una empresa proyecto que posee activos estabilizados de centros de datos a un C-REIT recién creado.
Los activos subyacentes están valorados en aproximadamente 1.933 millones de RMB. GDS conservará el 20% de las unidades del C-REIT, mientras que el 50% ha sido precolocado con inversores clave con períodos de bloqueo de 1 a 3 años. El 30% restante se ofrecerá mediante colocación institucional y oferta pública minorista. Se espera que la transacción se cierre en unas semanas, pendiente del precio final y las condiciones.
GDS Holdings (NASDAQ: GDS)는 중국의 주요 데이터 센터 운영업체로서 중국 규제 당국으로부터 상하이 증권거래소에서 C-REIT IPO를 진행하는 승인을 받았습니다. 이번 거래는 안정화된 데이터 센터 자산을 보유한 프로젝트 회사의 100% 지분을 새로 설립된 C-REIT에 매각하는 내용입니다.
기초 자산 가치는 약 19억 3,300만 위안(RMB)으로 평가됩니다. GDS는 C-REIT 지분의 20%를 유지하며, 50%는 1~3년 락업 기간이 있는 주요 투자자에게 사전 배정되었습니다. 나머지 30%는 기관 수요예측과 일반 투자자 공모를 통해 제공될 예정입니다. 최종 가격 및 조건 확정 후 몇 주 내에 거래가 마무리될 것으로 예상됩니다.
GDS Holdings (NASDAQ : GDS), un acteur majeur chinois dans l'exploitation de centres de données, a obtenu l'approbation des régulateurs chinois pour lancer une IPO de C-REIT à la Bourse de Shanghai. La transaction consiste à vendre 100 % des parts d'une société de projet détenant des actifs de centres de données stabilisés à un C-REIT nouvellement créé.
Les actifs sous-jacents sont évalués à environ 1 933 millions de RMB. GDS conservera 20 % des unités du C-REIT, tandis que 50 % ont été préalloués à des investisseurs clés avec des périodes de blocage de 1 à 3 ans. Les 30 % restants seront proposés via une construction de livre institutionnelle et une offre publique de détail. La clôture de la transaction est prévue dans les semaines à venir, sous réserve de la fixation finale du prix et des conditions.
GDS Holdings (NASDAQ: GDS), ein führender chinesischer Betreiber von Rechenzentren, hat von den chinesischen Aufsichtsbehörden die Genehmigung erhalten, einen C-REIT-Börsengang an der Börse Shanghai durchzuführen. Die Transaktion umfasst den Verkauf von 100 % der Anteile an einer Projektgesellschaft, die stabilisierte Rechenzentrumsanlagen hält, an einen neu gegründeten C-REIT.
Die zugrunde liegenden Vermögenswerte werden auf etwa 1.933 Millionen RMB bewertet. GDS wird 20 % der C-REIT-Anteile behalten, während 50 % bereits an Cornerstone-Investoren mit Sperrfristen von 1 bis 3 Jahren vorplatziert wurden. Die verbleibenden 30 % werden über institutionelles Bookbuilding und öffentliche Kleinanlegerangebote angeboten. Der Abschluss der Transaktion wird innerhalb weniger Wochen erwartet, vorbehaltlich der endgültigen Preisfestsetzung und Bedingungen.
- Asset monetization opportunity through C-REIT structure
- Strong institutional investor interest with 50% pre-placement
- Lock-up commitments of 1-3 years from cornerstone investors indicate long-term confidence
- Significant asset valuation of RMB 1,933 million
- Dilution of ownership as GDS will retain only 20% of the C-REIT units
- Final offering price still undetermined, creating pricing uncertainty
- Transaction subject to closing conditions which could delay or affect completion
SHANGHAI, China, June 26, 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 China Securities Regulatory Commission (“CSRC”) and Shanghai Stock Exchange have approved the registration and launch of an initial public offering (“IPO”) for its China REIT (“C-REIT”).
The transaction involves the sale by GDS of
The appraised valuation of the underlying data center assets to be acquired by the C-REIT, as per the valuation report contained in the offering memorandum, is approximately RMB 1,933 million. The final offering price for the C-REIT units will be determined following completion of the institutional bookbuilding, which is expected in approximately one week’s time.
The transaction is expected to close within the next few weeks and is subject to certain closing conditions.
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
What is the value of GDS Holdings' data center assets being transferred to the C-REIT?
How much of the GDS C-REIT IPO has been pre-placed with cornerstone investors?
What percentage of the C-REIT will GDS Holdings retain after the IPO?
When is the GDS C-REIT IPO expected to close?
How will the remaining 30% of GDS C-REIT units be distributed?
