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Stock impact report

GDS Announces Pricing of Public Offering of 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 15, 2019 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS” or the “Company”) (Nasdaq: GDS) today announced the pricing of a public offering by it of 11,940,299 American Depositary Shares (“ADSs”), each representing eight of its Class A ordinary shares, at a public offering price of US$33.50 per ADS. The underwriters have been granted a 30-day option to purchase up to an additional 1,791,044 ADSs from GDS at the same price. The offering is expected to close on March 19, 2019, subject to customary closing conditions. GDS expects to use the net proceeds from the offering in connection with the development and acquisition of new data centers and for other 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 proposed offering, and Cowen, Credit Agricole Securities (USA) Inc., Haitong International, Raymond James and SunTrust Robinson Humphrey, Inc. are acting Show less Read more
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