GDS Holdings (GDSI) Prices 19.25M ADS IPO at $10/ADS, Below Expected Range

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GDS Holdings (GDS) IPO Opens Flat

November 2, 2016 10:55 AM EDT

Today's IPO for GDS Holdings Limited (Nasdaq: GDS) opened for trading at $10 after pricing 19,250,000 American depositary shares (ADSs) at $10, below the expected $12-$14 range.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC and China Renaissance Securities (Hong Kong) Limited are acting as joint... More