China's GDS Holdings Makes Trading Debut on Nasdaq Wednesday

China-based data services company GDS Holdings (GDS) made its public trading debut on the Nasdaq Wednesday. The stock priced at $10 a share, below its initial range of $12-$14. "A lot of Internet giants in China like Alibaba (BABA) - Get Report and Tencent Holdings are our customers," said William Huang, the company's CEO, adding that GDS provides high quality data services to the aforementioned Internet behemoths. Shares of GDS Holdings rose roughly 5% on Wednesday and raised some $192.5 million in its IPO. TheStreet's Scott Gamm reports from Wall Street.