HK Stock Market Move | GDS-SW(09698) rose by more than 3%. It is reported that its subsidiary DayOne is considering an IPO in the United States with a target valuation of $20 billion.

GDS-SW (09698) rose more than 3%, as of the time of publication, it rose 3.39% to HK$41.52, with a turnover of HK$1.48 billion. On the news front, market news on January 23 stated that DayOne, supported by GDS-SW, is reportedly considering a US IPO with a target valuation of $20 billion. Previously, GDS-SW announced that it will sell its stake in DayOne for $385 million, with the repurchase of shares allowing GDS-SW to recoup about 95% of its investment capital in DayOne, achieving an investment return rate of close to 6.5 times. The repatriated funds will be used for domestic AIDC investment. GF SEC believes that this move indicates that domestic computing power infrastructure investment remains optimistic.