GDS Holdings covers HK secondary offering

By Jonathan Breen
21 Oct 2020

Chinese data centre operator GDS Holdings has covered the books for its Hong Kong secondary offering, just hours after launching a deal that could be worth about $1.6bn.

The issuer is the latest to join the growing number of US-listed Chinese companies floating in Hong Kong, continuing the trend from mid-September when five firms rushed to the city with secondary offerings.

GDS, which trades on the Nasdaq, is floating 160m class A ordinary shares. It has ...

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