GDS Holdings (GDS) Soars 8.6% as Global Investors Place Billion-Dollar Bets

We recently published Wall Street Can’t Keep up With These 10 Stocks on Fire. GDS Holdings Limited (NASDAQ:GDS) was one of the top performers on Thursday.

GDS Holdings extended its winning streak for a third day on Thursday, jumping 8.61 percent to close at $41.75 apiece as investors took path from its subsidiary’s successful raising of $2 billion in fresh funds to finance its planned global expansion.

In a regulatory filing earlier this week, GDS Holdings Limited (NASDAQ:GDS) said that DayOne Data Centers Ltd. successfully entered into definitive agreements with US-based technology-focused investment firm Coatue, the Indonesia Investment Authority, as well as other institutional investors based in the US, Europe, and Asia for the sale of its Series C shares, aligning closely with its focus to expand in the European and Asia Pacific regions.

“The Series C financing will enable DayOne to accelerate the next phase of its global expansion. In Europe, the proceeds are expected to advance  the development of DayOne’s Finland platform, centered on major hyperscale campuses in Lahti and Kouvola, which form the foundation of DayOne’s broader European strategy,” GDS Holdings Limited (NASDAQ:GDS) said.

“In Asia-Pacific, the capital will be deployed to support the continued scale-out  of DayOne’s footprint across the SIJORI (Singapore–Johor–Riau Islands) region—comprising Singapore, Johor and Batam—as well as markets in Thailand, Japan and Hong Kong, enhancing DayOne’s ability to deliver high-density, AI-ready capacity with speed and sustainability,” it added.

The initiative followed the first two fundraising programs in 2024 covering Series A and B shares for a total of $1.9 billion.

It also earned the backing of Brookfield Asset Management and an unnamed sovereign investor for another 1 billion euros of debt facility.

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