GDS Holdings Ltd.(GDS), a developer and operator of high-performance data centers in China, on Wednesday announced that the final offering price for its previously announced China REIT, known as C-REIT, initial public offering has been set at RMB 3.00 per unit.
The final offering price was determined after the institutional bookbuilding process, which was 166 times oversubscribed.
The C-REIT will issue 800 million units, representing 100% of the units in issue upon completion of the IPO, raising gross proceeds of RMB 2.4 billion.
At the final offering price, the C-REIT's implied enterprise value to projected 2026 EBITDA is 16.9 times, based on a projected EBITDA of RMB 141.8 million.
The implied dividend yield per unit, based on the projected 2026 distributable cash flow of RMB 124.8 million, stands at 5.2%.
The company will sell a 100% equity interest in a project company holding stabilized data center assets to the C-REIT for a total enterprise value of approximately RMB 2,319 million.
Upon completion, the company expects to receive net cash proceeds of around RMB 2,111 million, including equity consideration and a dividend of existing cash, after taxes and transaction costs.
In the pre-market trading, GDS is 2.68% lesser at $28.68 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.