GDS nets $250m from primary share sale

By Jonathan Breen
06 Dec 2019

GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.

The Nasdaq-listed Chinese data centre operator launched the sale of 5.5m American Depositary Shares (ADS) after its stock closed at $47.15 apiece.

Bookrunners Bank of America, Haitong International, JP Morgan and RBC Capital Markets ran a short bookbuilding and ended up pricing the trade at $45.50, a 3.5% ...

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