GDS denies US IPO plan for its international arm

The Chinese data center operator GDS (9698) has denied a report that it was considering a US initial public offering of its international arm DayOne Data Centers.

The unit had “no concrete or definitive plan” on an IPO, the company said in a filing on Wednesday. 

Bloomberg reported on Tuesday that GDS was planning a US share sale of DayOne that operates in Hong Kong and Southeast Asia to raise up US$500 million (HK$3.9 billion).

STAFF REPORTER