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Stock impact report

GDS Announces Full Exercise of Underwriters’ Option to Purchase Additional ADSs

GDS Holdings Limited - American Depositary Shares (GDS) 
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am Check Earnings Report
US:NASDAQ Investor Relations: expworldholdings.com
Company Research Source: GlobeNewswire
SHANGHAI, China, March 18, 2019 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS” or the “Company”) (Nasdaq: GDS) today announced that the underwriters of its previously announced public offering have exercised in full their option to purchase an additional 1,791,044 ADSs from GDS at the public offering price of US$33.50 per ADS. Each ADS represents eight Class A ordinary shares. GDS raised a total of approximately US$445.0 million in proceeds from the public offering after the underwriters’ exercise in full of their option to purchase additional ADSs, after deducting underwriting discounts and commissions (but before expenses). GDS expects to use approximately US$404 million of the net proceeds from the offering in connection with the development and acquisition of new data centers, with the remaining amounts to be used for general corporate purposes. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the Show less Read more
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