GDS prices $1.7bn HK secondary listing

By Jonathan Breen
28 Oct 2020

Chinese data centre operator GDS Holdings has pocketed HK$12.9bn ($1.67bn) from its secondary offering on Hong Kong’s stock exchange.

The Nasdaq-listed company is floating 160m class A ordinary shares, part of a trend of Hong Kong IPOs by US-traded Chinese issuers. Bank of America, CICC, Haitong International and JP Morgan were the listing sponsors.

A 16-strong syndicate marketed GDS’s offering from October 21 through to Tuesday, using ...

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