GDS Holdings Limited (GDS) Announced Successful Completion of the China REIT IPO

GDS Holdings Limited (NASDAQ:GDS) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, GDS Holdings Limited (NASDAQ:GDS) announced its successful completion of the China REIT IPO on the Shanghai Stock Exchange.

The offering saw overwhelming demand, with institutional investors oversubscribing by 166 times and retail investors by 456 times, prompting an early closure of the retail tranche. Management noted that the C-REIT is set to begin trading under the fund code 508060 in early August.

GDS Holdings Limited (NASDAQ:GDS) is a tech company that develops and operates high-performance data centers in China. They provide colocation services, offering space, power, racks, and cooling for IT equipment.

While we acknowledge the potential of GDS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.