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An announcement from GDS Holdings Ltd. ( (HK:9698) ) is now available.
GDS Holdings Limited announced the final offering price for its NF GDS Data Center Infrastructure Real Estate Investment Trust (C-REIT) IPO on the Shanghai Stock Exchange at RMB3.00 per unit. The IPO was 166 times oversubscribed, and the C-REIT will issue 800 million units, raising RMB2,400 million in gross proceeds. GDS will sell a 100% equity interest in a project company holding data center assets to the C-REIT, receiving net cash proceeds of approximately RMB2,111 million. GDS will also reinvest RMB480 million to acquire 20% of the C-REIT units and continue managing the data center assets, securing recurring annual fee income.
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 over shareholder resolutions.
Average Trading Volume: 8,934,841
Technical Sentiment Signal: Buy
Current Market Cap: HK$48.71B
Learn more about 9698 stock on TipRanks’ Stock Analysis page.