- GDS Holdings (GDS, Financial) completes successful C-REIT IPO in Shanghai.
- Institutional orders covered 166 times; retail offering oversubscribed 456 times.
- The retail offering closed early due to high demand.
GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a prominent developer and operator of high-performance data centers in China, has successfully finalized the Initial Public Offering (IPO) for its China REIT (C-REIT) on the Shanghai Stock Exchange. The IPO received an overwhelming response, with institutional investor interest leading to the order book being covered 166 times, while the retail offering was oversubscribed by 456 times. This high subscription level resulted in the retail offering closing ahead of schedule.
The C-REIT is anticipated to start trading in early August 2025 and will be listed under the fund code 508060. This marks a significant expansion for GDS Holdings, which is already listed on NASDAQ under the ticker GDS and the Hong Kong Stock Exchange under the ticker 9698. The addition of the C-REIT on the Shanghai Stock Exchange further solidifies GDS's presence in key financial markets.
GDS Holdings continues to lead in the data center sector, leveraging its strategic locations in economic hubs and its carrier-neutral services, which allow seamless access to major telecommunications networks and global public clouds. The company's customer base includes hyperscale cloud service providers, large Internet companies, financial institutions, and multinational corporations.
