GDS Holdings (GDS) is exploring an initial public offering for a real estate investment trust consisting of its data center assets in China, Bloomberg reported Tuesday, citing unnamed people familiar with the matter.

The potential IPO could raise around 1 billion yuan ($140 million), with a listing possible as early as next year, the sources said.

Discussions are ongoing, and no final decision has been made, according to the report.

GDS did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)