Zdata Technologies Explores $5 Billion IPO in Hong Kong with High-Profile Clients

Chinese data center company Zdata Technologies Co. is looking into a potential initial public offering (IPO) in Hong Kong. This news comes from sources who are familiar with the situation.

Zdata has some big-name clients. They include JD.com Inc., ByteDance Ltd. (the parent company of TikTok), and Tencent Holdings Ltd. These connections highlight the company's significance in the industry.

According to the sources, Zdata has already started early discussions with potential advisers. They are considering the benefits of going public. However, these sources prefer to remain anonymous since this information is not public yet.

If Zdata moves forward with the IPO, it could be valued at over $5 billion. That’s a significant figure and shows the company's potential in the market.