GDS Announces Completion of its C-REIT Initial Public Offering on the Shanghai Stock Exchange
1. GDS completed its IPO for the China REIT ahead of schedule. 2. The IPO saw strong institutional demand, being 166 times oversubscribed. 3. Retail subscriptions surged, with a 456 times oversubscription rate. 4. C-REIT will trade on the Shanghai Stock Exchange starting in August. 5. GDS maintains a strong foothold in the Chinese data center market.