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An update from GDS Holdings Ltd. ( (HK:9698) ) is now available.
GDS Holdings Limited has announced the approval and launch of an initial public offering (IPO) for its NF GDS Data Center Infrastructure Real Estate Investment Trust (C-REIT) on the Shanghai Stock Exchange. The transaction involves GDS selling 100% equity interest in a project company with stabilized data center assets to the C-REIT, which will be funded through the IPO. GDS will subscribe for 20% of the C-REIT units, while the remaining will be taken up by institutional and retail investors. The transaction is expected to close in the coming weeks, subject to market conditions and closing requirements.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
More about GDS Holdings Ltd.
GDS Holdings Limited is a company incorporated in the Cayman Islands, operating in the data center industry. It is known for its data center infrastructure services and is listed on the Nasdaq Global Market under the symbol GDS. The company operates with a weighted voting rights structure, which allows significant influence by the WVR beneficiary over shareholder resolutions.
Average Trading Volume: 8,935,575
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.64B
See more data about 9698 stock on TipRanks’ Stock Analysis page.