GDS Holdings (GDSI) Prices 19.25M ADS IPO at $10/ADS, Below Expected Range
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GDS Holdings Limited Announces Pricing of Initial Public Offering
November 2, 2016 6:00 AM EDTSHANGHAI, China, Nov. 02, 2016 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the Company) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, announced the pricing of its initial public offering of 19,250,000 American depositary shares (ADSs), each representing eight of its Class A ordinary shares, at a price to the public of US$10.00 per ADS for a total offering size of approximately US$192.5 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the NASDAQ Global Market today, under the symbol GDS.Â
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