GDS Holdings Limited (GDS) Launches Share Offering

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Go back to GDS Holdings Limited (GDS) Launches Share Offering

GDS Announces Launch of Proposed Public Offering of ADSs

May 27, 2025 5:00 PM EDT

SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS or the Company) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the commencement of a proposed offering of 5,200,000 American Depositary Shares (ADSs), each representing eight Class A ordinary shares, par value US$0.00005 per share, subject to market and other conditions, in an underwritten registered public offering (the Primary ADSs Offering). The underwriters will have a 30-day option to purchase up to 780,000 additional ADSs.

The Company will receive all of the net proceeds from the Primary ADSs... More