GDS Holdings Ltd (09698.HK), a leading data center operator in China, saw its stock price surge 6.73% in pre-market trading on Thursday. This significant uptick comes on the heels of the company's announcement regarding its C-REIT (China Real Estate Investment Trust) initial public offering (IPO).
In a statement released late Wednesday, GDS Holdings revealed that the final offering price for its C-REIT IPO has been set at RMB3.00 per unit. This pricing announcement appears to have sparked investor enthusiasm, driving the stock's impressive pre-market rally.
The C-REIT IPO is a strategic move for GDS Holdings, potentially allowing the company to monetize its data center assets and access a new source of capital. Investors seem to be reacting positively to this development, viewing it as a sign of the company's growth potential and financial innovation in the competitive data center market.