China Data Center GDS (GDS) Files $200M U.S. IPO

October 4, 2016 1:35 PM EDT

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GDS Holdings (NASDAQ: GDS) filed a $200 million IPO on form F-1 with the SEC. The company plans to list its ADSs on the NASDAQ Global Market under the symbol "GDS."

The offering is being led by Credit Suisse and JPMorgan.

GDS is a leading developer and operator of high-performance data centers in China. The company's facilities are strategically located in China's primary economic hubs where demand for high-performance data center services is concentrated. The data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. They are carrier and cloud neutral, which enables our customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers, whom we host in our facilities. They offer colocation and managed services, including a unique and innovative managed cloud value proposition. The company has a 15-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China.

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