GDS Holdings (GDS) is looking into an initial public offering in the US of its GDS International business for about $500 million, Bloomberg News reported Tuesday, citing unnamed people familiar with the matter.
The Chinese data center operator is in talks with banks about the IPO and may try to list the unit as soon as this year, the people told Bloomberg, adding that the discussions may not lead to a deal.
GDS International runs facilities in Hong Kong and Southeast Asia, according to the report.
The company did not immediately respond to MT Newswires' request for comment on the matter.
GDS shares rose more than 7% during recent premarket activity on Tuesday.
(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.)
Price: 29.25, Change: +1.97, Percent Change: +7.20
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.