GDS Services Ltd: GDS Looking To List on The Singaporean Stock Exchange

According to Bloomberg, Chinese data center company GDS is mulling over a secondary stock exchange listing in Singapore. The company is already listed on the US and Hong Kong stock exchanges. According to reports, the company has talked with advisers about a plan to list on the Singapore exchange. It, however, hasn’t decided if any capital would be raised through the listing. In addition, since considerations are still at a preliminary stage, the company can decide not to go on with the move.

GDS was listed on the Hong Kong stock exchange in 2020, raising HK$14.9 billion ($1.9 billion) in the process. It was also previously listed on the New York stock exchange in 2016 and raised $200 million in an IPO. GDS was established in the early 2000s. It also operates many data centers across Shanghai, Shenzhen, Beijing, Guangzhou, Hong Kong, and Chengdu.