GDS Holdings completes C-REIT IPO on Shanghai Stock Exchange

GDS Holdings (GDS) announced that the initial public offering on the Shanghai Stock Exchange of its previously announced China REIT has been completed. The retail offering was closed ahead of schedule in light of the high level of subscriptions. The IPO attracted strong interest from both institutional and retail investors, with the institutional order book 166 times covered at the final offering price as previously announced and the retail offering 456 times over-subscribed. The C-REIT is expected to be listed and start trading on the Shanghai Stock Exchange in early August under the fund code 508060.