GDS-SW (09698) Rises Over 3% Amid Reports DayOne Eyes US IPO with $20 Billion Target Valuation

Stock News01-23 14:58

GDS-SW (09698) rose more than 3%, with a gain of 3.39% to HK$41.52 at the time of writing, and a turnover of HK$148 million. Market news on January 23 indicated that DayOne, backed by GDS-SW, is reportedly considering a US IPO, targeting a valuation of $20 billion. Previously, GDS-SW stated it would sell $385 million worth of its shares in DayOne, a transaction that would allow the company to recover approximately 95% of its initial investment principal, representing an investment return of nearly 6.5 times. The recouped capital is intended for domestic AIDC investments, and GF Securities believes this move signals that the outlook for cutting-edge computing infrastructure investment in China remains optimistic.

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