- GDS Holdings (NASDAQ:GDS) is 1.7% lower after hours following news that it will offer and sell about $250M in American Depositary Shares.
- Each ADS represents eight of the company's class A ordinary shares.
- Underwriters will get a 30-day greenshoe option to buy about $37.5M more.
- The company intends to use about $190M of the net proceeds to help fund acquisition of three data centers in the Shunyi district of Beijing.
GDS -1.7% on $250M ADS offering
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Symbol | Last Price | % Chg |
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GDS | - | - |
GDS Holdings Limited |