10:56 AM EST, 02/11/2025 (MT Newswires) -- (Updates with the stock move in the last paragraph.)

GDS Holdings ( GDS ) is looking into an initial public offering in the US of its GDS International business for about $500 million, Bloomberg News reported Tuesday, citing unnamed people familiar with the matter.

The Chinese data center operator is in talks with banks about the IPO and may try to list the unit as soon as this year, the people told Bloomberg, adding that the discussions may not lead to a deal.

GDS International runs facilities in Hong Kong and Southeast Asia, according to the report.

The company did not immediately respond to MT Newswires' request for comment on the matter.

GDS shares were rising nearly 18% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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