NEW YORK, Nov. 02, 2016 (GLOBE NEWSWIRE) -- GDS Holdings Ltd. (Nasdaq:GDS), a leading developer and operator of high-performance data centers in China, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. This is the sixth China-based company to list on Nasdaq in 2016.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/35516ae9-038d-41e0-ad66-d2c184e66da0
With facilities strategically located in China’s primary economic hubs where demand for high-performance data center services is concentrated, GDS data centers are large-scale, highly reliable and highly efficient operating environments in which customers securely house, power and cool their computer systems and IT networking equipment. Primary value-added services include colocation services, managed hosting services and managed cloud services. According to 451 Research, an independent research firm, GDS is the largest service provider in the high-performance carrier-neutral data center services market in China, with 24.9% market share as measured by area committed as of September 30, 2016.
“We are excited to become a publicly-traded company on The Nasdaq Stock Market. Cloud and digital technologies are transforming China and creating opportunities scarcely imaginable 10 years ago. As enterprises seek to address these opportunities, GDS provides the platform they need to grow and fulfill their potential. We are data center pioneers in China with a15-year track record of successfully fulfilling the most demanding, mission-critical IT infrastructure requirements of top-tier internet companies, financial institutions, large enterprises and multinational corporations. We have the right resources in the right places to capture the tremendous growth opportunities on the horizon. With today’s successful IPO, we are ready to take the next step forward to accelerate our growth,” said William Wei Huang, Founder, Chairman and Chief Executive Officer of GDS.
“Technology is rapidly changing business and everyday lives in China. GDS is at the center of this fast-paced change by providing world-class data centers and high-availability IT infrastructure services to the leading companies driving technology forward,” said Bob McCooey, Senior Vice President, Listing Services, Nasdaq. “We welcome GDS to join Nasdaq, home to the world’s most innovative technology companies, as the company moves on to the next exciting stage of their journey.”
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