Chinese data center firm GDS is considering a secondary stock exchange listing in Singapore.
Bloomberg reports, citing unnamed sources, that the is weighing a secondary listing in Singapore in addition to US and Hong Kong.
The Shanghai-based firm has held initial talks with potential advisers on a plan to list its shares on the Singapore exchange. It hasn’t decided whether it will raise any capital through the listing, and as considerations are at an early stage the company could decide not to proceed with a listing.
GDS didn’t reply to the company’s request for comment.
GDS has been trading in New York since 2016 when it raised about $200 million in an initial public offering. It listed in Hong Kong in 2020, GDS raising around HK$14.9 billion ($1.9 billion).
Founded in the early 2000s, GDS operates dozens of data centers across Shanghai, Beijing, Shenzhen, Guangzhou, Chengdu, and Hong Kong. It is also developing facilities at YTL's new campus as well as the Nusajaya Tech Park, both in Johor, Malaysia.
In recent months it has been linked to possible acquisitions of ChinData and GLP, though has seemingly cooled on the latter.