Published 1 month ago

GDS Announces Landmark US$587 Million Equity Raise For its International Business

Summary by Ground News

GDS Holdings Limited has entered into definitive agreements for certain institutional private equity investors to subscribe for US$587 million of Series A convertible preferred shares. The Series A subscription price implies a pre-money equity valuation for GDSI of US$750 million, which is approximately US$3.92 per American Depositary Share of GDSH. This transaction is a significant step forward in the Company's strategy to obtain dedicated financing for the development of its international business.

0 Articles

All

Left

Center

Right

Globe Newswire

GDS Announces Landmark US$587 Million Equity Raise For its International Business

SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the “Company” or “GDSH”) (NASDAQ: GDS; HKEX: 9698), a leading developer and...

1 month ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.

Coverage Details

Total News Sources0

Leaning Left0Leaning Right0Center0Last Updated1 month agoBias Distribution

No sources with tracked biases.

Bias Distribution

There is no tracked Bias information for the sources covering this story.

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

GDS Announces Landmark US$587 Million Equity Raise For its International Business

0 Articles

0 Articles

GDS Announces Landmark US$587 Million Equity Raise For its International Business

GDS Announces Landmark US$587 Million Equity Raise For its International Business

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics