Core Viewpoint - GDS Holdings Limited has successfully priced its China REIT (C-REIT) IPO at RMB 3.00 per unit, with significant oversubscription and substantial gross proceeds expected from the offering [1][2]. Group 1: IPO Details - The C-REIT's final offering price was determined after an institutional bookbuilding process that was 166 times oversubscribed [1]. - A total of 800,000,000 units will be issued, resulting in gross proceeds of RMB 2,400 million [1]. Group 2: Financial Metrics - At the final offering price, the implied EV/EBITDA is 16.9 times based on projected EBITDA for 2026 of RMB 141.8 million [2]. - The implied dividend yield per unit is 5.2% based on projected cash flow available for distribution for 2026 of RMB 124.8 million [2]. Group 3: Transaction and Cash Flow - GDS will sell a 100% equity interest in a project company holding stabilized data center assets for an enterprise value of approximately RMB 2,319 million [3]. - Upon completion of the sale, GDS will receive net cash proceeds of approximately RMB 2,111 million and de-consolidate about RMB 62 million of net debt [3]. - GDS plans to reinvest RMB 480 million to acquire 20% of the units issued by the C-REIT in the IPO [3]. Group 4: Operational Agreement - GDS will continue to manage the underlying data center assets under a services agreement, earning approximately RMB 5 million in recurring annual fee income [4]. Group 5: Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in major economic hubs [5]. - The company offers a range of services including co-location, managed hybrid cloud services, and has a diverse customer base including hyperscale cloud service providers and large corporations [5].

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 100% equity interest in a project compan ...

Key Takeaways IBM is gaining from hybrid cloud and AI demand, aided by acquisitions like HashiCorp and StreamSets. ORCL saw 51% IaaS revenue growth and expects cloud infrastructure revenue to rise 70% in fiscal 2026. IBM outperformed ORCL in share price gains over the past year and trades at a lower forward P/E ratio.International Business Machines Corporation (IBM) and Oracle Corporation (ORCL) are two leading players in the hybrid cloud infrastructure and database services. IBM offers cloud and data sol ...

Core Insights - The hybrid cloud storage market is emerging and rapidly evolving due to the need for efficient data management and unification [2][4] - The market generated approximately $100 billion in 2024, with a projected compound annual growth rate (CAGR) of about 16% over the next six years [4] Industry Overview - Businesses are increasingly adopting hybrid cloud storage solutions to manage costs, ensure performance, and support sustainability goals [1] - A full solution is deemed necessary to support multimodal AI applications that utilize diverse datasets [3] Market Dynamics - Few vendors currently offer comprehensive solutions that support unified data across multiple storage formats and types [2] - The market opportunity is expected to grow significantly, especially with the acceleration of AI adoption and the development of large language models (LLMs) [4] Companies to Watch - Key players in the hybrid cloud storage market include Cloudian, CTERA, Hammerspace, LucidLink, Nasuni, NetApp, Panzura, and Peer Software [7]

Other key findings include: ARMONK, N.Y., June 10, 2025 /PRNewswire/ -- A new study by the IBM (NYSE: IBM) Institute for Business Value reveals that enterprises are expected to significantly scale AI-enabled workflows, many driven by agentic AI, relying on them for improved decision making and automation. The AI Projects to Profits study, which surveyed 2,900 executives globally, revealed that respondents expect AI-enabled workflows to grow from 3% today to 25% by the end of 2025. With 70% of surveyed execu ...

Core Insights - NetApp Inc. operates in the hardware and data infrastructure market, focusing on two key segments: Hybrid Cloud and Public Cloud [1] - Approximately 51% of the company's revenues come from the U.S., with the remainder generated from international markets [1] Segment Analysis - The Hybrid Cloud segment provides data storage solutions, which are essential for businesses transitioning to cloud-based infrastructures [1] - The Public Cloud segment complements the Hybrid offerings, allowing for scalable and flexible data management solutions [1]

SHANGHAI, China, May 27, 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 the commencement of a proposed registered public offering of American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share, which the Company intends to loan (such loaned ADSs, the “Borrowed ADSs”) to an affiliate of the under ...

The upcoming report from NetApp (NTAP) is expected to reveal quarterly earnings of $1.89 per share, indicating an increase of 5% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing an increase of 3.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucia ...

Revenue of $665 million in the First Quarter, down 4% Year-over-YearPrivate Cloud Revenue was $250 million, down 7% Year-over-YearPublic Cloud Revenue was $416 million, down 2% Year-over-YearFirst Quarter 2025 Cash Flow From Operating Activities was $13 million; Cash Flow From Operating Activities was $143 million on a Trailing-Twelve-Month Basis SAN ANTONIO, May 08, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announce ...

Core Insights - A global study by IBM reveals that CEOs are committed to advancing AI solutions despite challenges from rapid technology adoption [1][2] Group 1: AI Investment and Adoption - 2,000 CEOs surveyed expect AI investment growth to more than double in the next two years, with 61% actively adopting AI agents [2][7] - 50% of CEOs report that rapid investment has led to disconnected technology within their organizations [7][8] - Only 25% of AI initiatives have delivered expected ROI, and 16% have scaled enterprise-wide [8] Group 2: Data and Collaboration - 68% of CEOs identify integrated enterprise-wide data architecture as critical for cross-functional collaboration [3] - 72% view proprietary data as key to unlocking the value of generative AI, yet 50% acknowledge challenges in cultivating an effective data environment [3][8] Group 3: Leadership and Talent - 69% of CEOs believe success is tied to having leaders with a deep understanding of strategy and decision-making authority [6][12] - 67% of CEOs state that differentiation depends on having the right expertise in the right positions with appropriate incentives [12] Group 4: Innovation and Risk Management - CEOs face pressures of balancing short-term ROI with long-term innovation [5][8] - 64% acknowledge that the risk of falling behind drives premature investment in technologies [8] - 59% admit struggles in balancing funding for existing operations and innovation during unexpected changes [8] Group 5: Future Expectations - By 2027, 85% of CEOs expect positive ROI from investments in scaled AI efficiency and cost savings [8] - 77% anticipate a positive return from investments in scaled AI growth and expansion [8]