GDS Holdings (GDS) IPO Opens Flat

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

November 2, 2016 6:11 AM EDT

GDS Holdings Limited (Nasdaq: GDS) 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... More