New York, January 8, 2026, 12:03 EST — Regular session
- GDS shares rose about 7% in midday trade, touching $41.25
- The move follows affiliate DayOne’s $2 billion-plus Series C equity raise
- Traders are looking to mid-March for GDS’s next earnings update
Shares of GDS Holdings Limited climbed about 7% on Thursday, lifting the U.S.-listed stock to $41.25 in midday trading. The move pushed the shares as high as $41.60 after they opened at $39.09.
Investors have been parsing what fresh private capital at DayOne Data Centers means for GDS, which has kept a stake in the overseas business. In a sector where power, land and customer contracts can make or break a buildout, funding isn’t a footnote right now — it’s the story.
DayOne’s raise also lands as demand for “AI-ready” data centers keeps pulling capital toward big, power-dense sites. “Hyperscale” is the industry shorthand for those very large campuses built to serve cloud and AI customers, and they tend to soak up money fast.
DayOne said it had signed definitive agreements for more than $2.0 billion in Series C equity financing, led by existing investor Coatue, with participation that included Indonesia Investment Authority. It said proceeds would go toward campuses in Lahti and Kouvola, Finland, and expansion in Singapore, Johor in Malaysia, Batam in Indonesia, Thailand, Japan and Hong Kong; the round was priced at a 100% premium to its prior equity raising, and DayOne did not disclose a valuation. Chief executive Jamie Khoo said the capital would help it “deliver high-performance, AI ready capacity” for large technology customers. Reuters
GDS has described itself as a founding investor in DayOne, which was formerly known as GDS International and was rebranded after a separation from the parent. After a $1.2 billion Series B round in December 2024, GDS’s stake was diluted to 35.6% from 52.7%, and the company deconsolidated the unit for accounting purposes, Reuters reported previously.
The move in U.S.-listed China data center names was not isolated. Rival 21Vianet rose about 8% on the day, while U.S. data-center landlords were mixed, with Digital Realty down roughly 1% and Equinix up about 0.6% in midday trade.
GDS has rallied sharply off its 52-week low of $16.92 and is still below its 52-week high of $52.50, a range traders often use as a rough map for support and resistance. Thursday’s pop left the shares hovering just below the mid-$40s area that has drawn attention in recent months.
But the upside case has a few loose bolts. DayOne has not put a public price tag on the Series C round, and a “premium” to a prior round does not guarantee how — or when — value shows up for GDS shareholders, especially if more capital raises dilute existing holders or projects slip on permitting, power availability, or customer timing.
Related articles: Technology
