GDS Holdings Limited (GDS) Announced Successful Completion of the China REIT IPO

GDS Holdings Limited (NASDAQ:GDS) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, GDS Holdings Limited (NASDAQ:GDS) announced its successful completion of the China REIT IPO on the Shanghai Stock Exchange.

The offering saw overwhelming demand, with institutional investors oversubscribing by 166 times and retail investors by 456 times, prompting an early closure of the retail tranche. Management noted that the C-REIT is set to begin trading under the fund code 508060 in early August.

GDS Holdings Limited (GDS) Announced Successful Completion of the China REIT IPO

A top level executive looking out of a skyscraper window, symbolizing the strategic decisions taken by the company.

GDS Holdings Limited is a tech company that develops and operates high-performance data centers in China. They provide colocation services, offering space, power, racks, and cooling for IT equipment.

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This article is originally published at Insider Monkey.