Group 1 - The core viewpoint of the article highlights the significant market interest and positive performance of the Southern Data Center REIT, which successfully listed on the Shanghai Stock Exchange, achieving a 30% increase on its first day [1] - The Southern Data Center REIT raised 2.4 billion yuan through its issuance, with a public investor subscription multiple of 456 times and an offline investor subscription multiple of 166 times, indicating strong demand [1] - The valuation of the data center REIT is significantly higher than market expectations, which has led to an increase in the valuation anchor for the IDC industry [1] Group 2 - The issuance of REITs is encouraged by current policies, benefiting mature IDC companies and facilitating their expansion [1] - The spin-off of the REIT is advantageous for the company to deleverage, maintaining a net debt to adjusted EBITDA ratio below 6.5 times within the year [1] - The pricing of the REIT is higher than the company's current adjusted enterprise value multiple of 14 times, reflecting potential for valuation re-rating [1]
港股异动 | 万国数据-SW(09698)再涨超4% 南方万国数据中心REIT已在上交所挂牌 上市首日收获涨停