On May 20, GDS Holdings-SW fell 4.52% in regular trading, trading at 38.86 HKD/share, with trading volume of 18.35 million HKD.

On the news front, GDS Holdings' international subsidiary DayOne Data Centers is reportedly considering a dual IPO in Singapore and the United States, targeting approximately $5 billion in fundraising with a potential valuation of around $200 billion. GDS Holdings currently holds approximately 24% equity in DayOne. While the subsidiary's independent listing could unlock value, the market is expressing short-term concerns over parent-subsidiary relationship restructuring and potential capital flow diversion.

DayOne, headquartered in Singapore, was originally GDS Holdings' international business division and was renamed in early 2025 after spinning off. In January, DayOne completed a $2 billion-plus Series C round led by Coatue Management with participation from Indonesia Investment Authority, priced at a 100% premium to the previous round. Key investors include SoftBank Vision Fund and Citadel Securities founder Ken Griffin. The broader Internet Services and Infrastructure sector also showed weakness, with Kingsoft Cloud down 2.34% and SUNeVision down 1.37%, further weighing on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)