Why GDS Holdings Stock Rocketed 17% Higher Today

After news broke of a potential initial public offering (IPO) of a key business unit, investors piled into GDS Holdings (GDS 17.23%) on Tuesday. That rush powered the Chinese data center specialist's stock to an over 17% gain on the day, crushing the marginal gain of the bellwether S&P 500 (^GSPC 0.03%).International unit possibly going publicLate Monday night, Bloomberg reported that GDS is mulling the U.S. IPO of DayOne. Previously known as GDS International, the unit consists of the company's operations ...