GDS Announces Completion of its C-REIT Initial Public Offering on the Shanghai Stock Exchange

Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in primary economic hubs to meet high demand for data center services [2] - The company offers co-location and a suite of value-added services, including managed hybrid cloud services and managed network services, catering to a diverse customer base including hyperscale cloud service providers and large internet companies [2] - GDS has a 24-year track record of service delivery, fulfilling the requirements of demanding customers for outsourced data center services in China [2] Recent Developments - GDS Holdings announced the successful completion of its initial public offering (IPO) for its China REIT (C-REIT) on the Shanghai Stock Exchange, with the retail offering closing ahead of schedule due to high subscription levels [1] - The IPO attracted significant interest, with the institutional order book being 166 times covered and the retail offering being 456 times over-subscribed [1] - The C-REIT is expected to be listed and start trading on the Shanghai Stock Exchange in early August under the fund code 508060 [1]